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Innovation
Associates Partners With Novopharm Limited
to Deliver Automated Dispensing Technology to Canadian Market
Leading Canadian Generic Manufacturer to Distribute PharmASSIST
Systems in Province of Quebec
JOHNSON CITY, NY - February
7, 2002 - Innovation Associates and Novopharm Limited announce the
establishment of a partnership in which Novopharm Limited will be the
exclusive distributor of PharmASSIST® automated prescription dispensing
technology in the Province of Quebec. Novopharm Limited, a division of
Teva Pharmaceutical Industries Ltd., will distribute PharmASSIST systems
through its Novo-Technical Division, which currently distributes various
pharmacy technologies to over 1700 independent pharmacies in Quebec.
"As we forge ahead in Canada, we look forward to partnering with
a company that shares our vision of nurturing robust client relationships
and of providing technology solutions that improve patient safety,"
says Mary Reno, CEO at Innovation Associates. "With Novopharm's expertise
in pharmacy technology and established clientele, we anticipate a smooth
rollout of the first French Canadian version of our products to the challenging
Quebec market."
Due to an existing trademark in Canada, Innovation Associates has renamed
PharmASSIST as the Innovation set of products in Canada. The product suite
is comprised of the Innovation SmartCabinet System, Innovation Symphony+
System, Innovation Workflow Software, and the Innovation Robotic System.
Using these products, pharmacies enhance the quality of their prescription
filling, improve their workflow, and free up their pharmacists to manage
patient medication therapies and to provide pharmaceutical care.
"This agreement is really a tri-partnership between Novopharm Limited,
Innovation Associates, and our clients," says Stephen Pullen, vice
president of sales & customer development at Novopharm Limited. "Through
this partnership, we continue to differentiate ourselves as a generic
drug distributor by positioning Novopharm Limited as a provider of value-added
services that truly enhance pharmacy practice." Pullen adds, "By
providing Innovation's technology to our clients, we look to make their
lives easier and to help them develop best practices in prescription dispensing
and pharmaceutical care."
Novopharm, one of Canada's leading manufacturers of generic pharmaceuticals
for over 35 years, was acquired by Teva Pharmaceutical Industries Ltd.
in April 2000. Headquartered in Israel, Teva is among the world's top
40 pharmaceutical companies and among the largest generic pharmaceutical
companies. Over 80% of Teva's sales are in North America and Europe. The
company develops, manufactures, and markets generic and branded human
pharmaceuticals and active pharmaceutical ingredients.
Innovation Associates, Inc., a leader in the world of automated prescription
dispensing, offers the PharmASSIST family of products to address the prescription
growth, quality assurance, pharmacy workflow, and cost control challenges
of all size pharmacies. With over 25 years of broad-based business experience,
Innovation Associates is dedicated to delivering the highest quality pharmacy
automation products to the pharmacy industry. For more information on
Innovation Associates, Inc., visit www.innovat.com.
627 Field Street, Johnson City, New York 13790
(T) 607-798-9376 (F) 607-797-3485
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