Successful test result would open door to 300+ pharmacy installations in Ontario
VANCOUVER, British Columbia, March 09, 2022 — UniDoc Health Corp. (CSE: UDOC) (FRA: L7T) (“UniDoc,” or the “Company”), an innovator in the telehealth sector, is pleased to announce it has commenced pilot trials at three commercial pharmacies in Ontario pursuant to a letter of intent (the “LOI”) with OnPharm-United, a network of independent pharmacies in Canada.
OnPharm-United was founded by independent pharmacy owners, for independent pharmacy owners. The board members and executives of the organization operate independent pharmacies and understand the needs, challenges, and opportunities of their over 600 independent pharmacy members across Ontario.
The LOI, which was originally entered into on October 8, 2021, sets forth the terms and conditions of an agreement whereby UniDoc and OnPharm-United will jointly offer a health care and virtual care platform solution exclusively to the entire OnPharm-United network in Ontario. Upon successful testing of UniDoc’s Virtual Care Solutions Model, OnPharm-United agrees to offer the Virtual Care Solutions Model kiosks to its network of pharmacies throughout Ontario.
Upon satisfactory conclusion of the pilot trials which is anticipated on or before April 30, 2022, both parties have agreed to enter into a definitive agreement whereby OnPharm-United shall have exclusive use of the Virtual Care Solutions Model in the province of Ontario. As part of the agreement, UniDoc will offer leasing, subscription fees, and/or revenue sharing models to OnPharm-United subject to reasonable commercial efforts to negotiate in good faith prior to completion of the transaction.
Furthermore, UniDoc will train the employees of any OnPharm-United member pharmacy in which a Virtual Care Solutions Models kiosk is placed to ensure trained staff are available during business hours to assist users of the kiosks, as may be required.
“During the Covid19 pandemic, virtual care has emerged as a paradigm shift in the delivery of healthcare. We are therefore excited about our partnership with UniDoc, which will make their virtual care solution available to all our members and their patients across the province,” says Fady Fares, co-CEO of OnPharm-United.
The UniDoc Virtual Care Solution Model aims to offer proprietary, customizable, and comprehensive telehealth solutions based on a variety of integrated physical enclosures, kiosks, and related configurable packaging designed to deliver web-based services and analytical tools in combination with access to a developing network of healthcare providers, pharmacies, and hospitals.
UniDoc CEO Antonio Baldassarre comments, “We have been delighted to work with the OnPharm-United team. They are a great organization providing a valued service to independent pharmacy owners and the communities they serve. We have developed an excellent working relationship and look forward to a successful trial and entry into a mutually beneficial relationship ahead. OnPharm-United was both quick to assess the opportunity and have been a pleasure to work with given their shared vision to offer a better way forward in an increasingly complex healthcare environment.”
On Behalf of the Board of Directors,
CEO, President & Director
UniDoc Health Corp.
OnPharm-United was created by OnPharm Inc. and United Pharma Group in October 2018 by bringing together two of the fastest growing networks for independent pharmacies in Canada. OnPharm-United includes over 600 members in Ontario. OnPharm-United provides its members with the ability to maintain their independent status while benefiting from increased buying and negotiating power, as well as benefiting from access to a suite of innovative programs, services and resources. For more information visit: www.onpharmunited.ca.
About UniDoc Health Corp. (CSE: UDOC) (FRA: L7T)
UniDoc is developing a telehealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician’s office. Telehealth opens the doors to a large segment of the population challenged by access, experience or understanding of online computer technology. It is the Company’s belief that physical accessibility is the key to its business proposition. UniDoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited timeframe. The UniDoc team encourages engagement, questions, and interest, so please stay in touch and invite anyone who might be interested in our story to visit our website at www.unidoctor.com and signup to receive the latest information with updates on our activities, events and progress. You are also invited to join us on social media with Facebook, Twitter or Instagram.
For further information, please contact
UniDoc Investor Relations
Tel: +1 778.383.6731
Austin Thornberry, Director
Tel: +1 647.463.8689
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company’s primary product offering and features thereof, the entry into and the terms of a definitive agreement with OnPharm upon satisfactory test results, the potential for the placement of the Company’s products in pharmacies across Ontario, the anticipated benefits of a partnership with OnPharm and the Company’s commercialization of the telehealth platform.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s final prospectus dated December 2, 2021 under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
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