BioScrip, Inc. Awarded National HIV/AIDS and Transplant Specialty Contract by UnitedHealthcare
16 Juillet 2007 - 2:05PM
Business Wire
BioScrip, Inc. (Nasdaq: BIOS) announced today that
UnitedHealthcare, a UnitedHealth Group (NYSE: UNH) company, has
awarded BioScrip an agreement to serve as one of two national
specialty pharmacy providers of HIV/AIDS and Solid Organ Transplant
drugs and services to UnitedHealthcare and its participating
affiliates. BioScrip expects that it will begin providing these
services on August 1, 2007, with the initial term of the agreement
running through December 31, 2008. HIV/AIDS In 2005, the United
States Center for Disease Control (�CDC�) estimated that there were
between 1,039,000 to 1,185,000 people living with HIV/AIDS in the
United States, with another 40,000 becoming infected each year.
Additionally, a 2006 study estimates an average annual cost of care
for a person living with HIV/AIDS to be $25,200, with 2/3 of that,
or approximately $16,800, attributable to drug expenditures. Solid
Organ Transplantation According to the 2006 OPTN / SRTR Annual
Report prepared by the Scientific Registry of Transplant Recipients
(SRTR) in collaboration with the Organ Procurement and
Transplantation Network (OPTN) under contract with the Health
Resources and Services Administration (HRSA), at the end of 2004,
there were 153,245 people living with a functioning transplanted
organ (kidney, pancreas, liver, heart, lung, intestine and
heart-lung) in the United States. Additionally, in 2005, there were
over 27,527 organs transplanted. Costs for post-transplant
immunosuppressant drugs can exceed $13,000 annually, accordingly to
a 2007 report. About UnitedHealthcare UnitedHealthcare
(www.unitedhealthcare.com) provides a full spectrum of
consumer-oriented health benefit plans and services. The company
organizes access to quality, affordable health care services on
behalf of more than 26 million individual consumers, contracting
directly with more than 535,000 physicians and care professionals
and 4,700 hospitals nationwide to offer them broad, convenient
access to services nationwide. UnitedHealthcare is one of the
businesses of UnitedHealth Group (NYSE: UNH), a diversified Fortune
50 health and well-being company. About BioScrip, Inc. BioScrip,
Inc. (www.bioscrip.com) (Nasdaq: BIOS) is a specialty
pharmaceutical health care organization that partners with
patients, physicians, health care payors and pharmaceutical
manufacturers to provide access to medications and management
solutions to optimize outcomes for chronic and other complex health
care conditions. Forward Looking Statements This press release may
contain statements which constitute forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding the intent, belief or
current expectations of the Company, its directors, or its officers
with respect to the future operating performance of the Company and
our success with respect to the integration and consolidation.
Investors are cautioned that any such forward looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those in the forward looking statements as a result of various
factors. Important factors that could cause such differences are
described in the Company's periodic filings with the Securities and
Exchange Commission.
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