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Think Research Corp
Symbol THNK
Shares Issued 77,658,684
Close 2023-06-21 C$ 0.37
Market Cap C$ 28,733,713
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Think client Omni expands to N.B. facilities

2023-06-21 17:41 ET - News Release

Mr. Sachin Aggarwal reports

THINK RESEARCH CLIENT OMNI EXPANDS CONTRACT TO ADD THE PROVINCE OF NEW BRUNSWICK

Pharmapod, Think Research Corp.'s medication incident management solution, is expanding into New Brunswick's Omni Quality Living Ltd. facilities. This is an expansion of the existing contract for Omni's long-term-care homes in Ontario.

Pharmapod is being rolled out to new locations in New Brunswick for the first time, enabling staff to report all medication incidents or near-miss events that occur. The platform seamlessly links home and pharmacy data, allowing Omni staff to analyze, identify and prevent risk. Pharmapod also ensures compliance with various regulatory requirements in most jurisdictions in which it is deployed, including New Brunswick.

Sachin Aggarwal, chief executive officer at Think, said: "Our Pharmapod solution is providing pharmacists across North America with essential data to help them to manage medication risks and to deliver better outcomes for patients who are prescribed medications. We are very pleased that existing clients like Omni continue to expand the Pharmapod solution to help residents in new jurisdictions like New Brunswick."

Pharmapod provides real-time analytics that allow health care institutions and care homes to quickly identify the root causes of safety events. Aggregated, anonymized incident data can be shared with key stakeholders and benchmarked across local and corporate levels, ensuring best practice in quality and compliance.

Pharmapod is the leading cloud-based continuous quality improvement (CQI) solution for driving efficiencies and reducing patient safety incidents in community pharmacies, care homes and hospital settings. Built by pharmacists for pharmacists, its technology is used globally by industry leaders, regulators and national health care providers to promote data-driven innovation, safety and quality improvements.

About Think Research Corp.

Think is an industry leader in delivering knowledge-based digital health software solutions. The company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based health care technology solutions support the clinical decision-making process and standardization of care to facilitate better health care outcomes. The company gathers, develops and delivers knowledge-based solutions globally to customers, including enterprise clients, hospitals, health regions, health care professionals and/or governments. The company has gathered a significant amount of data by building its repository of knowledge through its network and group of companies.

Think licenses its solutions to over 14,200 facilities for over 320,000 primary care, acute care and long-term-care doctors, nurses and pharmacists who rely on the content and data provided by Think to support their practices. Millions of patients and residents annually receive better care due to the essential data that Think produces, manages and delivers.

In addition, the company collects and manages pharmaceutical and clinical trial data through its BioPharma Services subsidiary. BioPharma Services is a leading provider of bioequivalence and phase 1 clinical research services to pharmaceutical companies globally. Think's other services include a network of digital-first primary care clinics and medical clinics that provide elective surgery.

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