Good news this morning With the news this morning, I understand that much work remains before PREVU profitable. But when I read the whole text, I note that Miraculins looking for pharmacy in the United States. They also seek a partnership in Quebec. I am sure they will try to reach an agreement with Jean Coutu. As I said earlier, Jean Coutu Pharmacy is the largest in Quebec and it has a direct link with the United States that have RITE AID 4600 drugstores. I also understand that the share price will not rise sharply but steadily increase with frequent and sustained ads. We need to be patient and the results will be there.
Efforts continue towards evolving a plan for a United States market introduction that would allow the test to be offered through pharmacies in accordance with the cleared indication for use. Miraculins plans to engage in exploratory meetings with select pharmacies in the U.S. to discuss the potential opportunity further.
Efforts have also begun to identify a pharmacy partner in the European Union, with a focus on English or French speaking markets due to the Company's current marketing materials and labeling being available in those languages.
Summary of Goals/Plans for 2013 - Retail Pharmacy:
- Manage a successful PreVu expansion in Western Canada, as recently announced, through London Drugs pharmacy locations (76 Stores)
- Manage a successful PreVu rollout in Eastern Canada, as recently announced, through select PharmaChoice locations
- Launch PreVu into the Quebec marketplace through retail chain/independent pharmacies
- Continue to work with distribution partner Pear Healthcare to develop, sustain and expand PreVu's distribution network throughout the retail pharmacy market in Canada
- Hold exploratory discussions with U.S. based pharmacies towards a PreVu U.S. launch strategy
- Seek to establish a PreVu pilot program with a European Union based pharmacy chain
About The Jean Coutu Group
The Jean Coutu Group is one of the most trusted names in Canadian pharmacy retailing. The Corporation operates a network of 405 franchised stores located in the provinces of Québec, New Brunswick and Ontario under the banners of PJC Jean Coutu, PJC Clinique, PJC Santé and PJC Santé Beauté, and employs close to 19,000 people. Furthermore, the Jean Coutu Group owns Pro Doc Ltd ("Pro Doc"), a Québec-based subsidiary and manufacturer of generic drugs. The Corporation also holds an investment in Rite Aid Corporation ("Rite Aid") a national chain of drugstores in the United States with more than 4,600 drugstores in 31 states and the District of Columbia.