PharmaCare One of Five Nationwide Specialty Pharmacies Selected For VIVITROL(TM) Distribution
LINCOLN, R.I., Jun 21, 2006 (BUSINESS WIRE) -- PharmaCare, one of the nation's largest pharmaceutical benefit managers, announced today that its specialty pharmacy division, PharmaCare Specialty Pharmacy, has been selected by Cephalon, Inc., and Alkermes, Inc., as a national distributor of its drug VIVITROL(TM) (naltrexone for extended-release injectable suspension), the first, once-monthly injectable medication for alcohol dependence available in the United States.
Due to its solid reputation and demonstrated ability to facilitate and manage complex medication regimens, PharmaCare was one of just five specialty pharmacy providers nationwide awarded a two-year distribution contract for VIVITROL.
"We're proud to help get this critical medication into the hands of healthcare professionals, so they can provide their patients with a new option for therapy to meet their needs," said Greg Weishar, president and CEO of PharmaCare. "As one of the oldest specialty providers in the country, our experience, resources and personnel enable us to quickly put in place the programs and services required to support the launch of VIVITROL in the market."
Administered by a healthcare provider, VIVITROL is indicated for patients who are able to abstain from drinking in an outpatient setting and are not actively drinking when initiating treatment. In clinical studies, VIVITROL was shown to reduce the number of drinking days and heavy drinking days and to improve the chances of complete abstinence.
"During our careful review of potential providers, PharmaCare emerged at the top of the list because of the company's patient focus, demonstrated efficiency and comprehensive delivery model," said Joseph Caminiti, Vice President of Healthcare Systems at Cephalon. "As a member of our limited network of distributors, our relationship with PharmaCare will ensure that patients and physicians have timely access to VIVITROL as well as the support they need for successful treatment."
PharmaCare is a wholly-owned subsidiary of CVS Corporation (NYSE:CVS). Founded on the principles of value, trust and integrity, PharmaCare is one of the largest pharmaceutical benefit managers in the country. The company helps large employers, managed care organizations, insurance companies, unions and government agencies provide safe, cost effective prescription drug coverage for millions of Americans. PharmaCare's comprehensive offerings include fully integrated, state-of-the art mail-service, one of the nation's largest specialty pharmacies with a unique model that includes specialty mail services as well as 52 retail/clinic pharmacy locations, and a network of more than 56,800 pharmacies in all 50 states, and in nearly every city. Additional information on PharmaCare can be found at www.pharmacare.com.