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Medco Partners to Develop Patient-Safety System for Prescription Drugs in Sweden
Date:3/31/2008

est for patient safety, clinical excellence, dispensing accuracy and lower cost remains the same," said John Driscoll, Medco president for New Markets. "We are committed to supporting payors and patients in any market where our innovative and proprietary technologies could help to lower the cost of delivering high-quality clinical care."

The utilization review system to be developed for Sweden is intended to become part of the common high-technology infrastructure used by all retail pharmacies in the future, when the Swedish retail pharmacy market is deregulated and competitors enter the marketplace. This would ensure comprehensive, uniform and consistent reviews of each prescription, for all patients, independent of which pharmacy is used to dispense the medicine.

"We are delighted that the Swedish government endorses the development of these technologies. Our combined experience will allow us to quickly develop and implement an industry-leading drug utilization review system, customized for the Swedish market - achieving considerable savings for the health care system and improving the quality of care for individual patients," said Stefan Carlsson, Apoteket managing director.

Added Driscoll: "We are pleased to work with Apoteket in support of this initiative to embrace innovative and proprietary technologies that will help to raise the standards for quality pharmacy care, improving financial and clinical outcomes for patients and society. This places Sweden at the forefront across Europe for advancing the standards for pharmacy care provided to their citizens."

Financial terms of the transaction were not disclosed and this transaction is not expected to have an impact on Medco's earnings or results of operations.

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SOURCE Medco Health Solutions, Inc.
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