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Accredo Health, Inc. Selected by Genentech for Xolair Distribution
Accredo Health, Inc. Selected by Genentech for Xolair Distribution
BW5500 MAY 20,2003 6:59 PACIFIC 09:59 EASTERN
( BW)(TN-ACCREDO-HEALTH)(ACDO) Accredo Health, Inc. Selected byGenentech for Xolair Distribution
Business Editors/Health/Medical Writers
MEMPHIS, Tenn.--(BUSINESS WIRE)--May 20, 2003--Accredo Health,Incorporated (NASDAQ:ACDO) announced today that its wholly ownedsubsidiary, Nova Factor, Inc. has been selected by Genentech, Inc.(NYSE:DNA) and Novartis Pharmaceuticals Corporation (NYSE:NVS) as oneof five specialty pharmacy providers of Xolair(R) (omalizumab),humanized monoclonal antibody designed for use in the treatment ofmoderate to severe allergic asthma. The drug Xolair(R) (omalizumab)for Injection, jointly developed under agreements by Genentech andNovartis AG (VX:NOVZn) and Tanox, Inc., is pending approval for use inthe treatment of adult and adolescent allergic asthma. As a preferreddistributor, Nova Factor will be a participant in Genentech´s andNovartis´ Preferred Specialty Pharmacy Network. Nova Factor has alsobeen chosen by Genentech and Novartis to serve as the provider for theXolair(R) patient support program.
Accredo Health, Incorporated provides specialized pharmacy andrelated services pursuant to agreements with biotechnology drugmanufacturers relating to the treatment of patients with certaincostly, chronic diseases. The Company´s services include collection oftimely drug utilization and patient compliance information, patienteducation and monitoring through the use of written materials andtelephonic consultation, reimbursement expertise and overnight drugdelivery.
Certain of the statements in the preceding paragraphs,particularly those anticipating future financial performance andbusiness prospects, constitute forward-looking statements within themeaning of the "safe harbor" provisions of the Private SecuritiesLitigation Reform Act of 1995. Such statements may be identified bywords such as anticipate, believe, could, estimate, expect, intend,predict, hope or similar expressions. Such statements, which includeestimated financial information or results, are based on management´scurrent expectations and are subject to a number of factors anduncertainties which could cause actual results to differ materiallyfrom those described in the forward-looking statements, including,without limitation, the uncertainty as to the outcome of anylitigation, the loss of a biopharmaceutical relationship, ourinability to sell existing products, difficulties integrating the SPSdivision, the impact of pharmaceutical industry regulation, thedifficulty of predicting FDA and other regulatory authority approvals,the regulatory environment and changes in healthcare policies andstructure, acceptance and demand for new pharmaceutical products andnew therapies, the impact of competitive products and pricing, theability to obtain products from suppliers, reliance on strategicalliances, the ability to expand through joint ventures andacquisitions, the ability to maintain pricing arrangements withsuppliers that preserve margins, the need for and ability to obtainadditional capital, the seasonality and variability of operatingresults, the Company´s ability to implement its strategies and achieveits objectives and the risks and uncertainties described in reportsfiled by Accredo with the Securities and Exchange Commission under theSecurities Exchange Act of 1934, as amended, including withoutlimitation, cautionary statements under the heading "Risk Factors"made in Accredo´s 2002 Annual Report on Form 10-K.
--30--DH/na* CONTACT: Accredo Health, Incorporated, Memphis Financial Contact: Joel Kimbrough, 901/385-3621 or Investor Relations Contact: Kerry Finney, 901/381-7442 KEYWORD: TENNESSEE INDUSTRY KEYWORD: PHARMACEUTICAL BIOTECHNOLOGY MARKETINGAGREEMENTS SOURCE: Accredo Health, Incorporated
(c) 2003 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
Und neue Infos
happy trading
Accredo Health, Inc. Selected by Genentech for Xolair Distribution
Accredo Health, Inc. Selected by Genentech for Xolair Distribution
BW5500 MAY 20,2003 6:59 PACIFIC 09:59 EASTERN
( BW)(TN-ACCREDO-HEALTH)(ACDO) Accredo Health, Inc. Selected byGenentech for Xolair Distribution
Business Editors/Health/Medical Writers
MEMPHIS, Tenn.--(BUSINESS WIRE)--May 20, 2003--Accredo Health,Incorporated (NASDAQ:ACDO) announced today that its wholly ownedsubsidiary, Nova Factor, Inc. has been selected by Genentech, Inc.(NYSE:DNA) and Novartis Pharmaceuticals Corporation (NYSE:NVS) as oneof five specialty pharmacy providers of Xolair(R) (omalizumab),humanized monoclonal antibody designed for use in the treatment ofmoderate to severe allergic asthma. The drug Xolair(R) (omalizumab)for Injection, jointly developed under agreements by Genentech andNovartis AG (VX:NOVZn) and Tanox, Inc., is pending approval for use inthe treatment of adult and adolescent allergic asthma. As a preferreddistributor, Nova Factor will be a participant in Genentech´s andNovartis´ Preferred Specialty Pharmacy Network. Nova Factor has alsobeen chosen by Genentech and Novartis to serve as the provider for theXolair(R) patient support program.
Accredo Health, Incorporated provides specialized pharmacy andrelated services pursuant to agreements with biotechnology drugmanufacturers relating to the treatment of patients with certaincostly, chronic diseases. The Company´s services include collection oftimely drug utilization and patient compliance information, patienteducation and monitoring through the use of written materials andtelephonic consultation, reimbursement expertise and overnight drugdelivery.
Certain of the statements in the preceding paragraphs,particularly those anticipating future financial performance andbusiness prospects, constitute forward-looking statements within themeaning of the "safe harbor" provisions of the Private SecuritiesLitigation Reform Act of 1995. Such statements may be identified bywords such as anticipate, believe, could, estimate, expect, intend,predict, hope or similar expressions. Such statements, which includeestimated financial information or results, are based on management´scurrent expectations and are subject to a number of factors anduncertainties which could cause actual results to differ materiallyfrom those described in the forward-looking statements, including,without limitation, the uncertainty as to the outcome of anylitigation, the loss of a biopharmaceutical relationship, ourinability to sell existing products, difficulties integrating the SPSdivision, the impact of pharmaceutical industry regulation, thedifficulty of predicting FDA and other regulatory authority approvals,the regulatory environment and changes in healthcare policies andstructure, acceptance and demand for new pharmaceutical products andnew therapies, the impact of competitive products and pricing, theability to obtain products from suppliers, reliance on strategicalliances, the ability to expand through joint ventures andacquisitions, the ability to maintain pricing arrangements withsuppliers that preserve margins, the need for and ability to obtainadditional capital, the seasonality and variability of operatingresults, the Company´s ability to implement its strategies and achieveits objectives and the risks and uncertainties described in reportsfiled by Accredo with the Securities and Exchange Commission under theSecurities Exchange Act of 1934, as amended, including withoutlimitation, cautionary statements under the heading "Risk Factors"made in Accredo´s 2002 Annual Report on Form 10-K.
--30--DH/na* CONTACT: Accredo Health, Incorporated, Memphis Financial Contact: Joel Kimbrough, 901/385-3621 or Investor Relations Contact: Kerry Finney, 901/381-7442 KEYWORD: TENNESSEE INDUSTRY KEYWORD: PHARMACEUTICAL BIOTECHNOLOGY MARKETINGAGREEMENTS SOURCE: Accredo Health, Incorporated
(c) 2003 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.