Centric Health Enters Strategic Agreement with AceAge

Centric Health (TSX:CHH) signed a strategic distribution and supply agreement with AceAge for the Karie home-based automated drug delivery appliance.

As quoted in the press release:

Designed for individuals taking multiple medications, particularly seniors living independently or without full-time care, Karie is an innovative device that makes it simple to follow complex medication regimes by automatically delivering prescription drugs, in the correct dosage and at the right time. The medication comes pre-organized in an easy-to-load cartridge and the patient’s medication schedule is also stored. Karie goes off like an alarm clock when it’s time for each dose and provides a visual and audio alert. It can also be set to automatically notify a family member or caregiver if a dose is ever missed.

“With about 70 percent of all seniors taking five or more drugs per day and improper medication compliance being a leading cause of visits to the ER and hospital admissions for seniors, Karie is an ideal solution that is completely aligned with Centric’s focus on delivering the highest levels of patient care,” said David Cutler, President and Chief Executive Officer of Centric Health. “The device is completely compatible with our automated dispensing and packaging systems and we see many opportunities for placement with seniors in our contracted retirement homes where it will improve safety and provide peace-of-mind to caregivers.” It is estimated that up to 10% of all hospital admissions are due to adverse drug reactions.

Click here to read the full press release.

Get the Latest Pharmaceutical Investing Stock Information

Get the latest information about companies associated with Pharmaceutical Investing delivered directly to your inbox.

Pharmaceutical

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply