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TRHC and CQuentia Announce Collaboration to Leverage Scientific and Technology Resources to Provide Pharmacogenomic Services and Biometric Wearable Products to Patients and Providers
MOORESTOWN, N.J. and FORT WORTH, Texas,
“CQuentia has selected TRHC’s MedWise™ as its preferred method for delivering pharmacogenomics (PGx) lab results back to ordering physicians,” said CQuentia CEO Alan Meeker. “Unlike traditional drug-gene pair analysis, which marginalizes the potential impact of PGx, MedWise uses PGx data to inform precision across a patient’s entire medication regimen. CQuentia has determined that TRHC’s unique and valuable approach to incorporating PGx lab data into medication safety analysis makes TRHC the ideal partner to present PGx lab results to its clients.”
TRHC is establishing Application Programming Interfaces “APIs” with CQuentia to receive PGx data directly from CQuentia’s Memphis lab. Thereafter, CQuentia will encourage its clients to license MedWise as a seamless way of making the most of their PGx testing. In addition, under this agreement, TRHC has contracted to secure two proprietary PGx lab panel assays from CQuentia, one for TRHC’s clinical work with patients and one to support the continued research and development of TRHC’s proprietary MRM sciences at its
“After extensive research and analysis, TRHC determined that CQuentia’s PGx laboratory capabilities far exceed other leading labs in the market,” stated TRHC Chairman and CEO Calvin H. Knowlton, PhD. “CQuentia’s is now TRHC’s preferred
TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable health care organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower health care costs, and manage risk. TRHC provides solutions for a range of payers, providers, and other health care organizations. For more information, visit TRHC.com.
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. These forward-looking statements include, among other things, our goals and expectations regarding the combined company and the integration of PW into TRHC, the expected synergies from the combined company and the expected financial and operating performance of TRHC following the completion of the acquisition. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the risk that we may not be able to achieve our expectations for the combined companies due to challenges in integration and inability to retain key employees; fluctuations in our financial results; the acceptance and use of our products and services by PACE organizations and pharmacies; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; our ability to maintain relationships with a specified drug wholesaler; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; the requirements of being a public company; our ability to recognize the expected benefits from acquisitions on a timely basis or at all; and the other risk factors set forth from time to time in our filings with the
T: (415) 547-7099
Bob East or Asher Dewhurst
T: (443) 213-0500
Source: Tabula Rasa HealthCare, Inc.