Accredo Health, Incorporated to Distribute its First Non-Injectable Drug.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.--(BW HealthWire)--Dec. 5, 2001 Accredo Health, Incorporated (Nasdaq:ACDO ACDO Air Carrier District Office ACDO Assistant Command Duty Officer ) today announced 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. , Nova Factor, Inc., has signed a distribution agreement with Actelion Pharmaceuticals US, Inc. for the distribution of Tracleer(TM) (bosentan). Actelion Ltd (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer New Market: ATLN), a Switzerland based biopharmaceutical company, is a leading player in creative science related to the endothelium endothelium /en·do·the·li·um/ (-the´le-um) pl. endothe´lia the layer of epithelial cells that lines the cavities of the heart, the serous cavities, and the lumina of the blood and lymph vessels. - the single layer of cells separating blood vessels Blood vessels Tubular channels for blood transport, of which there are three principal types: arteries, capillaries, and veins. Only the larger arteries and veins in the body bear distinct names. from the blood stream. Nova Factor has been chosen as one of the preferred distributors of Tracleer(TM), which will be used in the treatment of pulmonary arterial hypertension (PAH PAH, PAHA aminohippuric acid. PAH abbr. para-aminohippuric acid PAH 1 Polycyclic aromatic hydrocarbon, see there 2. Pulmonary artery HTN ). In addition, Nova Factor has also been chosen by Actelion to serve as the exclusive distributor for its patient support service, the Tracleer Patient Assistance Program (TPAP TPAP Tetrapropylammonium Perruthenate (chemical reagent) TPAP Tactical Performance Assessment Program (Air Force) ). "We are pleased to have entered into this relationship with such a quality organization to distribute its innovative new product", said Nova Factor President John R. Grow. "We believe Tracleer(TM) will provide a more convenient alternative for patients being treated for PAH." Tracleer(TM) is indicated to improve exercise ability and decrease the rate of clinical worsening in PAH patients with significant limitation of physical activity (WHO Class III and IV). PAH is a chronic, life-threatening disorder that can severely compromise the function of the lungs and heart. Approximately 11 % of patients receiving Tracleer(TM) experienced abnormal but reversible liver enzyme elevations. It is therefore important that patients undergo monthly liver monitoring. Due to the risk of birth defects birth defects, abnormalities in physical or mental structure or function that are present at birth. They range from minor to seriously deforming or life-threatening. A major defect of some type occurs in approximately 3% of all births. , women who are pregnant, or may become pregnant, cannot take Tracleer(TM). Monthly pregnancy tests are required for women of childbearing potential. Physicians seeking to prescribe, or patients wanting to learn more about, Tracleer(TM) should contact the Tracleer Access Program (TAP) Monday through Friday (excluding holidays) from 8:00 a.m. to 8:00 p.m. Eastern Standard Time. The Patient Enrollment Forms are available by calling TAP, by faxing a request to 1- 866-279-0669, or by contacting an Actelion representative. Accredo 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. David D. Stevens stated, "Accredo has previously indicated that it would add non-injectable drugs to its product base where Accredo's service model and expertise would be of benefit to the manufacturer and the patients for whom the drug is prescribed. This contract represents Accredo's first expansion outside the distribution of injectable drugs. Accredo is not changing its focus as a specialty contract pharmacy. Accredo's business and service model is a perfect fit for this type of drug. Tracleer(TM) will be prescribed for a relative small patient population with a chronic disease that requires specialized handling and clinical monitoring by the distributor. Therefore Tracleer fits perfectly within our niche business," Stevens added. "With this product expansion outside of the injectable drug market, Accredo Health has significantly increased the number of potential products and biopharmaceutical manufacturers who are possible clients for our services", commented Stevens. Accredo Health, Incorporated provides specialized contract 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. In addition to historical information, certain of the statements in the preceding paragraphs, particularly those anticipating future financial performance, business prospects and growth and operating strategies 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, estimate, expect, intend, predict, hope or similar expressions. Such statements 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 loss of a biopharmaceutical relationship, our inability to sell existing products, the impact of pharmaceutical industry regulation, the difficulty of predicting 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. 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 made in Accredo's 2001 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Accredo's latest quarterly report on 10-Q under the heading "Risk Factors." |
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