Accredo Health, Inc. Selected by Aventis Behring as Exclusive Distributor for Zemaira.Business Editors/Health/Medical Writers MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Aug. 26, 2003 Accredo Health, Incorporated (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACDO ACDO Air Carrier District Office ACDO Assistant Command Duty Officer ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Accredo Therapeutics, Inc. with its 30 branch pharmacies located throughout the United States, has been selected by Aventis Behring L.L.C. as the exclusive specialty pharmacy provider of Zemaira(TM) (alpha 1-proteinase inhibitor (human)) in the United States and Puerto Rico. Zemaira(TM) was approved by the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. in July for use as chronic augmentation and maintenance therapy in individuals with alpha 1-proteinase inhibitor deficiency (Alpha-1), a life-threatening genetic disorder in some individuals, who demonstrate clinical evidence of emphysema emphysema (ĕmfĭsē`mə), pathological or physiological enlargement or overdistention of the air sacs of the lungs. A major cause of pulmonary insufficiency in chronic cigarette smokers, emphysema is a progressive disease that commonly . "Aventis Behring is pleased to be working with Accredo Health as our exclusive distribution partner for Zemaira(TM)," said Joseph Pugliese, vice president and general manager, Aventis Behring North America. "We are excited about the opportunity to expand our abilities in the treatment of Alpha-1 patients with the introduction of Zemaira(TM)," commented David D. Stevens, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Accredo Health. "Zemaira(TM) will provide additional options to treat this potentially life-threatening genetic disorder." Unlike emphysema that develops as a result of smoke inhalation Smoke Inhalation Definition Smoke inhalation is breathing in the harmful gases, vapors, and particulate matter contained in smoke. Description Smoke inhalation typically occurs in victims or firefighters caught in structural fires. , hereditary emphysema caused by Alpha-1 deficiency is a condition that may affect both the structure and the function of the lungs. Individuals as young as thirty years of age may be affected, and if the condition is left untreated, Alpha-1 can be fatal. Accredo Health, Incorporated provides specialized pharmacy and related services pursuant to agreements with biotechnology drug manufacturers relating to the treatment of patients with certain costly, chronic diseases. The Company's services include collection of timely drug utilization and patient compliance information, patient education and monitoring through the use of written materials and telephonic consultation, reimbursement expertise and overnight drug delivery. Certain of the statements in the preceding paragraphs, particularly those anticipating future financial performance and business prospects, constitute forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements may be identified by words such as anticipate, believe, could, estimate, expect, intend, predict, hope or similar expressions. Such statements, which include estimated financial information or results, are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements, including, without limitation, the uncertainty as to the outcome of any litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , the loss of a biopharmaceutical relationship, our inability to sell existing products, difficulties integrating acquisitions, the impact of pharmaceutical industry regulation, the difficulty of predicting FDA and other regulatory authority approvals, the regulatory environment and changes in healthcare policies and structure, acceptance and demand for new pharmaceutical products and new therapies, the impact of competitive products and pricing, the ability to obtain products from suppliers, reliance on strategic alliances, the ability to expand through joint ventures and acquisitions, the ability to maintain pricing arrangements with suppliers that preserve margins, the need for and ability to obtain additional capital, the seasonality and variability of operating results, the Company's ability to implement its strategies and achieve its objectives and the risks and uncertainties described in reports filed by Accredo with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, including without limitation, cautionary statements under the heading "Risk Factors" made in Accredo's 2002 Annual Report on Form 10-K and its most recent 10-Q. Note to editors: For information about Aventis Behring or Zemaira(TM), please contact Kim Cayz at 1-610-878-4822 or kim.cayz@aventis.com. |
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