Additional DrugLog® order from Germany

Pharmacolog has received an order for a DrugLog® system from Kronen-Apotheke Marxen, an independent pharmacy in Köln, Germany. The system will be used for final control of chemotherapy and other intravenous drugs prepared at the pharmacy. The agreement is concluded directly with Pharmacolog in Uppsala AB.

Kronen-Apotheke Marxen is an independent pharmacy that prepares chemotherapy and other drugs for delivery to the healthcare system. Unlike other European countries, the principle of wholly independent pharmacies that supply ready-made medicines to the health care system is very common in Germany. There are more than 300 independent so-called Community Pharmacies in Germany that deliver prepared drugs to the healthcare system. They are an important part of the supply chain since only a small part of the German hospitals have their own hospital pharmacies. The deal means that the pharmacy purchases a system directly from Pharmacolog i Uppsala AB. The project is expected to have a minor impact on earnings.

Sales Manager Kent Öbrink comments: “This is a major breakthrough for us as we now receive a first reference customer from an independent pharmacy in Germany. Germany is unique in Europe, as many pharmacies outside the hospital prepare chemotherapy drugs and other parenteral drugs for patients who are under home care. This is a completely new segment for us, and the market is large, around 300 pharmacies being compared to hospital pharmacies in Germany which is around 100. It is very gratifying and exciting that we strengthen our presence in Germany, which is the single largest market in Europe."

For more information contact:

Mats Högberg, CEO

Email: mats.hogberg@pharmacolog.com
Phone: +46
70-546 50 21

This information is insider information that Pharmacolog AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, on June 4th, 2019 at 09:00.

About Pharmacolog AB

Pharmacolog is specialized in developing systems and solutions for more effective and safer use of intravenous drugs. The company's first product, DrugLog®, enables a nurse or pharmacist to quickly and easily verify that an injectable drug has the right identity and concentration. Pharmacolog's long-term vision is an individually optimized medication for each individual patient, considering all available parameters in the control and distribution of the drug. Further information regarding the company is available at www.pharmacolog.com. The company's Certified Adviser is Mangold Fondkommission AB, which can be reached on telephone number +46 8-5030 15 50 or through CA@mangold.se.

About Us

Pharmacolog specialize in efficient solutions to optimize intravenous medication and prevent errors. With our safety device DrugLog®, our ambition is to simplify the reconstitution and compounding process of medical drugs and avoid medication errors. With DrugLog®, you can quickly verify that the intravenous medication is accurate before it’s given to the patient. ReVal™ is an application that provides an assisted workflow when preparing pharmaceuticals in pediatric care.

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