HealthTab™ Signs Reseller Agreement With Abbott to Support UK Expansion
August 08 2023 - 11:54AM
Avricore Health Inc. (TSXV:
AVCR, OTC: AVCRF) (“Avricore Health” or the “Company”) is pleased
to announce the signing of a reseller agreement between HealthTab™
Inc. and Abbott Rapid Dx UK & Ireland.
This agreement provides a foundation for
HealthTab to purchase and distribute the Afinion™ 2 and associated
tests for diabetes and heart disease screening in community
pharmacies in the UK.
“As we’ve grown in Canada substantially in
collaboration with Abbott, we’re excited to take this winning model
to the UK,” said Hector Bremner, CEO of Avricore Health. “We
believe the UK is one of the leading jurisdictions to bring more
funding for pharmacists to deliver services and that demand for
HealthTab will be significant.”
HealthTab is currently in over 530 pharmacies in
Canada and is leading a move to greater sophistication in
point-of-care testing in community pharmacies, bringing
high-quality instruments, robust health data management and quality
assurance.
UK Healthcare Demands Need
Pharmacy
- It is estimated that there are over
5 million people with undiagnosed hypertension in the UK
today.
- NHS England recently announced £645
million to support increasing access to primary care, including
expanding clinical practice in pharmacy, as an essential part of
recovering the system’s ability to deliver timely service.
- It’s estimated that optimally
treating high-risk Atrial Fibrillation patients would prevent over
14,000 strokes over 3 years and save the NHS nearly £242
million.
- The NHS notes that high
cholesterol, along with other factors, is a major factor in heart
attack and stroke risk, however, late diagnosis or under-treatment
is very common.
- There are over 13,000 pharmacies in
the UK, serving a population of over 67 million people, of which,
96% live within 20 minutes by walking or using transit of a
community pharmacy.
About HealthTab
HealthTab is a turnkey point-of-care testing
solution that combines best-in-class point-of-care technologies
with a secure, cloud-based platform for tackling pressing global
health issues.
With just a few drops of blood from a finger
prick, the system generates lab-accurate results on the spot and
data is reported in real time. The test menu includes up to 23 key
biomarkers for screening and managing chronic diseases, such as
diabetes and heart disease (e.g., HbA1c, Lipid Profile, eGFR).
HealthTab has also recently added capabilities for bacterial and
viral tests, such as strep and COVID-19. The HealthTab network
model is unlike anything in pharmacy today. It gives knowledgeable
and trusted pharmacists a greater role in primary care delivery,
while empowering patients to take more control of their health. It
also reduces costs and waiting times and provides many potential
revenue streams including equipment leasing & consumables,
direct access testing, disease prevention & management
programs, sponsored health programs, decentralized clinical trials,
real world data (RWD) sets, and third-party app integration through
API.
To find a location near you, please visit:
healthtab.com/locations
HealthTab Market Fast Facts
- Point-of-Care Testing Market to reach $50.6 Billion USD in 2025
(Source)
- Glucose monitoring (diabetes related) to make up the largest
growth within the sector. (Source)
- Nearly 13.6 Million Canadians expected to diabetic or
prediabetic by 2030, with many undiagnosed (Source)
- Over 1 in 3 Americans, approximately 88 million people, have
pre-diabetes (Source)
- Close to 160,000 Canadians 20 years and older are diagnosed
with heart disease each year, often it’s only after a heart attack
they are diagnosed. (Source)
- There are more than 10,000 pharmacies in Canada, 88,000
pharmacies in the US, nearly 12,000 in the UK.
About Avricore Health Inc.
Avricore Health Inc. (TSXV: AVCR) is a pharmacy
service innovator focused on acquiring and developing early-stage
technologies aimed at moving pharmacy forward. Through its flagship
offering HealthTab™ (a wholly owned subsidiary), its mission is to
make actionable health information more accessible to everyone by
creating the world’s largest network of rapid testing devices in
community pharmacies.
Contact:
Avricore Health Inc.Hector Bremner, CEO
604-773-8943info@avricorehealth.comwww.avricorehealth.com
Cautionary Note Regarding Forward-Looking
Statements Information in this press release that involves Avricore
Health's expectations, plans, intentions or strategies regarding
the future are forward-looking statements that are not facts and
involve a number of risks and uncertainties. Avricore Health
generally uses words such as "outlook," "will," "could," "would,"
"might," "remains," "to be," "plans," "believes," "may," "expects,"
"intends," "anticipates," "estimate," "future," "positioned,"
"potential," "project," "remain," "scheduled," "set to," "subject
to," "upcoming," and similar expressions to help identify
forward-looking statements.
In this press release, forward-looking
statements include statements regarding: the completion of the
placement and the expected timing thereof and the Company's
expected use of proceeds from the placement; the unique features
that the HealthTab™ platform offers to pharmacists and patients.
Forward-looking statements reflect the then-current expectations,
beliefs, assumptions, estimates and forecasts of Avricore Health's
management. The forward-looking statements in this press release
are based upon information available to Avricore Health as of the
date of this press release. Forward-looking statements believed to
be true when made may ultimately prove to be incorrect. These
statements are not guarantees of the future performance of Avricore
Health and are subject to a number of risks, uncertainties and
other factors, some of which are beyond its control and may cause
actual results to differ materially from current expectations,
including without limitation: failure to meet regulatory
requirements; changes in the market; potential downturns in
economic conditions; and other risk factors described in Avricore's
public filings. These forward-looking statements speak only as of
the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or
the occurrence of future events or circumstances, unless otherwise
required to do so by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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