avricore

Avricore Health

TSXV:AVCR

Avricore Health: Empowering Patients with Rapid Testing in Community Pharmacies

Company Highlights

  • Avricore Health Inc is a pharmacy solutions provider that combines best-in-class point-of-care technologies with a secure, cloud-based platform for tackling pressing global health issues
  • The wholly owned subsidiary, HealthTabâ„¢, offers fast, accurate and cost-effective point-of-care screening. With just a few drops of blood from a finger prick, results are available on the spot and data is available in real time.
  • The current test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g. HbA1c, Lipid Profile, eGFR). HealthTabâ„¢ also recently added capabilities for bacterial and viral tests, such as strep and COVID-19
  • The company leverages strategic partnerships with notable names in the diagnostic space, including Abbott Rapid Diagnostics, a global healthcare company and leader in diagnostics. This partnership allows Avricore to use Abbott’s Afinion 2â„¢ analyzer to offer high-quality, low-cost screening tests
  • In June 2021, Avricore announced its master agreement to pilot its HealthTabâ„¢ platform for diabetes management in select Shoppers Drug Mart pharmacies
  • Avricore’s ultimate aim is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacy
  • The company expanded patient testing with the HealthTabâ„¢ platform in select Shoppers Drug Mart® pharmacies in British Columbia, bringing its diabetes screening program to Western Canada for the first time.
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Overview

The point-of-care testing (POCT) market is expected to reach US$103.2 billion by 2030 from US$40.6 billion in the year 2021 at a CAGR of 10.92 percent from 2022 to 2030.

The accessibility of POCT has been an increasing priority of the world’s leading health organizations and experts. Pharmacies are ideal ‘hubs’ within the community to offer patients better access to the numbers they need to know for preventing or treating conditions such as diabetes and heart disease or the timely diagnosis of infection.

Avricore Health Inc. (TSXV:AVCR, OTCQB: AVCRF) is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at moving pharmacy forward. Through its flagship offering HealthTab™ (a wholly owned subsidiary), its mission is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacies.

Avricore Health

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Overview

The point-of-care testing (POCT) market is expected to reach US$103.2 billion by 2030 from US$40.6 billion in the year 2021 at a CAGR of 10.92 percent from 2022 to 2030.

The accessibility of POCT has been an increasing priority of the world’s leading health organizations and experts. Pharmacies are ideal ‘hubs’ within the community to offer patients better access to the numbers they need to know for preventing or treating conditions such as diabetes and heart disease or the timely diagnosis of infection.

Avricore Health Inc. (TSXV:AVCR, OTCQB: AVCRF) is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at moving pharmacy forward. Through its flagship offering HealthTab™ (a wholly owned subsidiary), its mission is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacies.

HealthTab™ is a turnkey point-of-care testing solution that effectively turns pharmacies into diagnostic hubs (sometimes known as ‘Community Diagnostic Centres’ or CDCs) and connects them on a single, cloud-based platform.

The HealthTabâ„¢ network model is unlike anything in pharmacy today. It gives knowledgeable and trusted pharmacists a greater role in primary care delivery while empowering patients to take more control of their health. It also reduces costs and waiting times and provides many potential revenue streams including: equipment leasing & consumables, direct access testing, disease prevention & management programs, sponsored health programs, decentralized clinical trials, real-world data (RWD) sets, and third-party app integration through API. In June 2021, Avricore signed a master agreement with select Shoppers Drug Mart pharmacies to pilot the HealthTabâ„¢ platform. This agreement allows patients access to point-of-care blood screening and health-data management for potential risks for developing diabetes and cardiovascular conditions through the HealthTabâ„¢-integrated Afinion 2â„¢ analyzers by Abbott Rapid Diagnostics.

Avricore is the first pharmacy solutions provider to partner with Abbott (NYSE:ABT), the global healthcare company and diagnostics leader in Canada. In May 2021, it signed a supplier distribution agreement to expand the distribution of Abbott’s Afinion 2™ and associated tests for diabetes and heart disease screening in community pharmacies in Canada. This agreement includes valuable HbA1c testing, a critical marker for the screening and management of diabetes.

Near-term goals for the company include expansion into more pharmacies across Canada, followed soon after by entering the US and UK markets. It has made significant strides in testing and developing its technology and is moving into the commercialization stage.

Strategic partnerships like Abbott and pharmacy-focused pilot opportunities advance Avricore closer to becoming an incredibly dominant player in the community diagnostics space. The company aims to make actionable health information more accessible for everyone by creating the world’s largest rapid testing network in pharmacy.

Company Highlights

  • Avricore Health Inc is a pharmacy solutions provider that combines best-in-class point-of-care technologies with a secure, cloud-based platform for tackling pressing global health issues
  • The wholly owned subsidiary, HealthTabâ„¢, offers fast, accurate and cost-effective point-of-care screening. With just a few drops of blood from a finger prick, results are available on the spot and data is available in real time.
  • The current test menu includes up to 23 key biomarkers for screening and managing chronic diseases, such as diabetes and heart disease (e.g. HbA1c, Lipid Profile, eGFR). HealthTabâ„¢ also recently added capabilities for bacterial and viral tests, such as strep and COVID-19
  • The company leverages strategic partnerships with notable names in the diagnostic space, including Abbott Rapid Diagnostics, a global healthcare company and leader in diagnostics. This partnership allows Avricore to use Abbott’s Afinion 2â„¢ analyzer to offer high-quality, low-cost screening tests
  • In June 2021, Avricore announced its master agreement to pilot its HealthTabâ„¢ platform for diabetes management in select Shoppers Drug Mart pharmacies
  • Avricore’s ultimate aim is to make actionable health information more accessible to everyone by creating the world’s largest network of rapid testing devices in community pharmacy
  • The company expanded patient testing with the HealthTabâ„¢ platform in select Shoppers Drug Mart® pharmacies in British Columbia, bringing its diabetes screening program to Western Canada for the first time.

Management Team

Avricore’s leadership team brings a diverse portfolio of expertise across healthcare and biotech industries as well as technology, finance and communications. Together, they share a common vision for moving pharmacy forward and have positioned the company for significant future growth and expansion.

Hector Bremner - CEO

Hector Bremner has over fifteen years of senior and executive experience across various industries, including international trade, natural gas, marketing and communications. He has owned and operated TOUCH Marketing, a boutique marketing and communication firm based in Vancouver, from 2007 to 2013.

Bremner has also served as the executive assistant to the Deputy Premier and Minister of Natural Gas Development, Responsible for Housing, as well as the Minister of International Trade and Minister of Small Business. In 2015, he joined Vancouver’s Pace Group Communications as vice-president of public affairs.

David Hall - Chairman

David Hall’s leadership spans five different companies. Aside from acting as chairman and director at Avricore, he is also currently the chairman of RepliCel Life Sciences, and a member of the board of TrichoScience Innovations, AdvantageBC and Providence Health Care Research Institute.

Hall also served as chairman of Perceptronix Medical, Inc., chief financial officer, secretary and treasurer of Angiotech Pharmaceuticals, Inc., president and director at Newcastle Resources Ltd. and chairman for LifeSciences British Columbia.

Kiki Smith - CFO

Kiki Smith has over 20 years of experience assisting private and public companies in the roles of accountant, corporate controller and CFO in mining, oil & gas, real estate, high technology, food production and investment fund management. She currently provides consulting services in M&A, financial reporting and regulatory compliance to several public and private companies across several investment sectors.

Smith is also a member of the Chartered Professional Accountants of British Columbia. She has a bachelor’s degree in economics from the University of British Columbia.

Rodger Seccombe - CTO

Rodger Seccombe is the co-founder and former CEO of HealthTabâ„¢ Inc. He has over 20 years of experience launching and running companies in software, healthcare technology and clean energy. Seccombe is a recognized industry expert in direct-to-consumer and point-of-care testing technology.

In 2006, he joined the start-up team at Canadian Bioenergy Corporation and helped pioneer the development of the renewable fuel industry in Canada. Before HealthTab™, he designed and developed cloud-based informatics systems currently in use by some of the world’s leading medical laboratories and instrument manufacturers.

The Conversation (1)
Elena Shembel
04 Aug, 2023

Thank you. Your information is very important. President company Enerize Corporation

Avricore Health

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