$NUVPF Vanc gains B.C. gov't approval for 14 drug generics. This is the real deal, insider buying and volume on Canadian side gaining ground. Just a matter of time here. Do you realize how many people are on these drugs? Wheww!!
Vanc gains B.C. gov't approval for 14 drug generics
2015-02-24 08:09 ET - News Release
Mr. Arun Nayyar reports
VANC PHARMACEUTICALS ANNOUNCES LOW COST ALTERNATIVE APPROVAL OF 14 PRODUCTS FROM BRITISH COLUMBIA MINISTRY OF HEALTH
Vanc Pharmaceuticals Inc. has received confirmation from the B.C. Ministry of Health approving 14 of the company's generic molecules under the Low Cost Alternative program. The approval of these molecules makes them eligible for listing on British Columbia's provincial formulary and for reimbursement through Pharmacare. Pharmacare is the province's coverage plan that assists residents with the cost of eligible prescription drugs and certain medical supplies.
"We are excited to have received LOA approval from the B.C. Ministry of Health as it signifies an important milestone in our evolution as a company -- we can now provide residents of B.C. with safety, quality and affordability when it comes to these 14 molecules," said Arun Nayyar, chief executive officer of Vanc. "We will continue to work with the Ministry of Health to gain approval of additional molecules during Q1 2015."
14 APPROVED PRODUCTS Brand Molecule name Presentations reference
VAN-Rizatriptan 5 mg tab Maxalt VAN-Amlodipine 5 mg and 10 mg tab Norvasc VAN-Losartan 25 mg, 50 mg and 100 mg tab Cozaar VAN-Losartan-HCTZ 50+12.5 mg and 100+25 mg tab Hyzaar VAN-Levetiracetam 250 mg, 500 mg and 750 mg tab Keppra VAN-Gabapentin tab 600 mg and 800 mg tab Neurontin VAN-Omeperazole 20 mg DR tab Losec VAN-Finasteride 5 mg tab Proscar VAN-Olanzapine 2.5 mg, 5 mg, 7.5 mg, 10 mg and 15 mg Zyprexa tab VAN-Sertraline cap 25 mg, 50 mg and 100 mg cap Zoloft VAN-Pantoprazole 40 mg tab Pantoloc VAN-Gabapentin cap 100 mg, 300 mg and 400 mg cap Neurontin VAN-Ciprofloxacin 250 mg, 500 mg and 750 mg tab Cipro VAN-Sildenafil 25 mg, 50 mg and 100 mg tab Viagra
About Low Cost Alternative program
The B.C. Ministry of Health established the Low Cost Alternative program under the Drug Price Regulation to ensure the best value is obtained for expenditures on multisource drugs. The program works by limiting Pharmacare reimbursements for drug products subject to an LCA price.
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