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March 9, 2009 Armada Healthcare Signs Deal to Provide Anti-Counterfeiting Technology to its Specialty Pharmacy Members
Armada Health Care and XStream Systems, Inc. today announced it has entered into a group purchasing agreement to provide preferred pricing for XStream’s revolutionary supply chain safety and anti-counterfeiting solution to its specialty pharmacy membership.
This agreement will give Armada members contract access to XStream’s XT250 Materials Authentication and Secure Pharma Network Solutions which authenticate and verify pharmaceutical products inside its sealed containers throughout the receiving, stocking and fulfillment process.
“By teaming with XStream we are providing our specialty pharmacy members access to a comprehensive solution for safeguarding their inventories,” said Larry Irene, CEO of Armada Healthcare. “Our user members will be able to verify and authenticate their inventories and maintain complete supply chain integrity for their patients.”
According to Alan Clock, XStream’s Senior Vice President, the Armada relationship represents a strong partner in working with XStream’s Solutions. “Like many within the pharmaceutical supply chain, the Armada Healthcare recognizes the many threats that currently exist globally to the pharmaceutical supply chain,” he said. “Armada’s forward thinking members will lead the marketplace in maintaining the integrity of the supply chain and in keeping their patients safe from fraudulent and counterfeit medications.”
Armada and XStream anticipate kicking off their new agreement to the Armada membership at Armada’s 5th Annual Specialty Pharmacy Summit in Las Vegas March 10-13. For more information on Armada’s 2009 Specialty Pharmacy Business Summit please follow the link at www.armadasummit.com
About Armada
Armada member pharmacies have a dedicated industry partner to help them achieve their goals by providing unique and innovative contracting strategies. Armada Health Care has partnered with many key Pharma & Biotech firms to transcend traditional contracting models and create incentive based programs geared specifically for the specialty pharmacy marketplace. Our principal disease state category focus includes: HIV/AIDS, Hepatitis C, Rheumatoid Arthritis, Multiple Sclerosis, Infertility, Hemophilia, Transplant, Growth Hormone Deficiency and Oncology. In addition to offering contracting programs, Armada has formed the nation's largest network of specialty pharmacies, the Armada Specialty Pharmacy Network (ASPN) - Armada recognizes that its channel management and purchasing solutions require a platform upon which to deliver our innovative programs. This network is actively working with payers and biotech pharmaceutical manufacturers to expand access on limited distribution products while continuing to develop comprehensive patient management programs. ASPN is also the nation's first in-network specialty patient referral program. For more information please visit www.armadahealthcare.com.
About XStream Systems
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