FOR IMMEDIATE RELEASE

CONTACT: James Reno
Reno Communications
781.944.1406
jrenomktg@comcast.net

 

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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