Avricore Health Inc. (TSXV:
AVCR, OTC: AVCRF) (“Avricore Health” or the “Company”) is pleased
to announce further expansion of HealthTab™ with Rexall Pharmacy
Group ULC (“Rexall”). The Companies have been working closely to
develop the best patient approaches and internal workflows to
ensure the most successful deployment of this powerful
point-of-care testing platform.
“To successfully screen and manage chronic and infectious
disease, healthcare systems need pharmacists to play an active
role,” said Hector Bremner, CEO of Avricore Health. “To do this
well pharmacists need the best tools to have confidence in their
results and the data to drive deeper insights.”
Last September, the Company announced its first testing location
within Rexall’s Pharmacy Walk-In Clinic in Sherwood Park, Alberta.
That location, a first for Rexall as well, offers both the Afinion
2™ blood-chemistry analyzer as well as the ID Now™ molecular
platform by Abbott Rapid Diagnostics, giving patients quick access
to their test results, and allowing for immediate consultation with
their pharmacist.
The next steps will be to deploy a minimum of another 20
locations spread out between stores in Alberta and Ontario. After
each deployment, the teams will collaborate to assess deployment
workflow, refine processes and identify further deployment
opportunities based on patient and pharmacist feedback.
With approximately 800 locations across Canada, HealthTab is
expected to deepen its reach and empower more patients, and
pharmacists, with health data insights that will drive better
treatment plans, therapy adherence and patient outcomes.
About Rexall
With a dynamic history of innovation and growth dating back over
a century, Rexall is a leading pharmacy retailer in Canada,
dedicated to caring for Canadians' health, one person at a time.
Operating approximately 400 pharmacies across Canada, Rexall's
8,000 employees provide compassionate care to patients, becoming
their trusted health partners along their wellness journey.
Rexall is part of the Rexall Pharmacy Group ULC and a proud
member of the global McKesson Canada Corporation family, a
diversified healthcare company with deep roots in supporting
patients across Canada.
For more information, visit rexall.ca. Follow us on Twitter:
@RexallDrugStore, on Instagram at @RexallDrugStoreOfficial, and
@RexallCareNetwork and on Facebook at @RexallDrugStore
HealthTab™ Market Fast Facts
- Point of Care Testing Market to reach $93.21 Billion USD in
2030 (Source)
- Nearly 13.6 Million Canadians are expected to be 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, and nearly 12,000 in the UK.
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.
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, the Company’s
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 few 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 the release.
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