Caremark Rx Selected as Preferred Distributor in the Specialty Pharmacy Network for Xolair.Business Editors/Health/Medical Writers BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 20, 2003 Caremark Rx, Inc. (NYSE NYSE See: New York Stock Exchange :CMX) today announced that is has been selected by Genentech, Inc. (NYSE:DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. ) and Novartis Pharmaceuticals Corporation (NYSE:NVS) as a preferred distributor of Xolair(R) (omalizumab) for injection, a humanized monoclonal antibody for the treatment of moderate-to-severe allergic asthma. If approved, Xolair will be the first in a new class of therapies that inhibit immunoglobulin E (IgE) in the treatment of allergic asthma. Mac Crawford, chairman of the board 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 Caremark Rx, Inc. commented, "We are excited about the opportunity to expand our long-standing relationship with Genentech. If approved by the FDA, the addition of Xolair will complement the comprehensive disease management programs that we provide to asthma patients." Caremark specialty pharmacy programs not only provide timely, accurate and confidential dispensing of medications through a network of 17 specialty pharmacies accredited by the Joint Commission on Accreditation of Healthcare Organizations Joint Commission on Accreditation of Healthcare Organizations, n.pr the United States body that accredits healthcare organizations. Joint Commission on Accreditation of Healthcare Organizations (JCAHO/TJC), n. (JCAHO JCAHO Joint Commission on Accreditation of Healthcare Organizations, see there ), but also improve outcomes through proactive compliance and persistency monitoring, disease education and pharmacy care management programs. In addition, Caremark has achieved full patient and practitioner accreditation in disease management by the National Committee for Quality Assurance National Committee for Quality Assurance Medical practice A private, not-for-profit organization which has become the leading accreditor of managed care plans; in site visits, NCQA reviewers evaluate a managed care plan in terms of quality management, physicians' (NCQA NCQA National Committee on Quality Assurance, see there ) for both pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. and adult asthma. Caremark offers disease education consultations by highly trained registered nurses that encourage prevention activities and behavior modifications to improve overall health outcomes. About Caremark Rx, Inc. Caremark Rx, Inc. is a leading pharmaceutical services company, providing comprehensive drug benefit services through its affiliate Caremark Inc. to over 1,200 health plan sponsors and their participants throughout the U.S. Caremark's clients include corporate health plans, managed care organizations, insurance companies, unions, government agencies and other funded benefit plans. The company operates a national retail pharmacy network with over 55,000 participating pharmacies, four state-of-the-art mail service pharmacies, the industry's only FDA-regulated repackaging plant and nineteen specialty distribution mail service pharmacies for delivery of advanced medications to individuals with chronic or genetic diseases and disorders. Additional information about Caremark Rx is available on the World Wide Web at www.caremarkrx.com. |
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