Mr. Aman Parmar reports
VANC PHARMACEUTICALS ANNOUNCES LISTING OF PRODUCTS ON SIX PROVINCIAL FORMULARIES IN CANADA
Vanc Pharmaceuticals Inc. has listed multiple products in provincial formularies of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
The provincial formularies list drugs for which particular public or private health plans will pay all or part of the cost and the circumstances in which the coverage is available. Each province maintains the formulary autonomously and decides regarding which drugs and which individuals are covered.
"The listing on provincial formularies across Canada is a major step in commercializing our generics portfolio across Canada. We have now registered a minimum of seven molecules and 20 stock-keeping units (the SKUs) in six provinces. The next step will be to expand our sales force through the hiring of reps in each of the provinces," said Arun Nayyar, chief executive officer of Vanc.
The attached table lists the number of molecules listed in each provincial formulary. The drugs having no coverage from provincial health care plans are considered to be non-benefit drugs.
Total No.
Province Listed Non-benefit of molecules
British Columbia 14 4 18
Alberta 15 7 22
Saskatchewan 14 4 18
Manitoba 1 1 2
Ontario 14 - 14
Quebec 8 1 9
A full listing of the molecules and SKUs listed in each of the provinces can be seen at the company's website.
The company will provide updates on commercialization and additional product listings across Canada during fourth quarter 2015.
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