Zeposia (ozanimod) is used to treat multiple sclerosis and ulcerative colitis. Zeposia is a Sphingosine Receptor Modulator, which works by blocking the action of nerves that cause symptoms. The most common form of Zeposia is a 0.92mg capsule. It's also available in starter kits. There are currently no generic alternatives for Zeposia. It is covered by some Medicare and insurance plans, but some pharmacy coupons or cash prices may be lower.