Genentech Updates Payment Terms

GENENTECH PAYMENT TERMS UPDATE

In response to the COVID-19 pandemic and the needs of practices, Genentech has announced extensions to physician payment terms for LUCENTIS purchases from authorized distributors:

Terms have been extended to 120 days on eligible purchases from April 1, 2020, as well as retroactively for LUCENTIS purchased on or after March 1, 2020.

Eligible practices are temporarily eligible for payment terms of up to 120 days (previously 60 days), subject to distributor qualification.