Business
Avricore Health Provides Update and Outlook for 2019
(via TheNewswire) Vancouver / TheNewswire / February 6, 2019 - Avricore Health Inc . ...
About this update from Avricore Health Inc.
[{"type":"text","content":"Avricore Health Provides Update and Outlook for 2019(via TheNewswire)\n\n \nVancouver / TheNewswire / February 6, 2019 - Avricore Health Inc. (TSX-V: AVCR) (OTCQB: AVCRF) (\"Avricore Health\" or the \"Company\")\n\n\n \nDear Shareholders: \n\n\n \nThank you for your continued support of Avricore Health. We know this market has been challenging for our industry and our shareholders alike; however, we have had an exciting year and are poised for success in 2019 and beyond. \n\n\n \nGoing forward, we will be ensuring our shareholders have the most up-to-date Avricore Health info by publishing a regular newsletter that highlights operational activities and key corporate developments.\n\n\n \nIt's important that we start by looking back over the last 24 months:\n\n\n \nThe Board of Directors and management team of Avricore Health have been implementing a new strategic direction to reposition Avricore Health as a leading health innovator and to take advantage of the rapidly evolving role pharmacy plays in modern healthcare.\n\n\n \nThe new strategic vision was developed with respected leaders within the pharmacy industry in Canada and beyond. Benefiting from decades of combined experience, the Board of Directors was able to anticipate the pressure put on by government to drastically reduce generic drug prices in Canada, which culminated with the Pan-Canadian announcement of April 2018 that took $3 billion out of the pockets of pharmacists. Unfortunately, this has also forced Avricore Health completely out of the generic drug business having converted the majority of its 91 cross-licensed, me-too generic drugs to dormant status as of January 2019.\n\n\n \nThe opportunity ahead:\n\n\n \nBecause the pharmacy business is undergoing dramatic changes, fuelled by increasing competition and shrinking margins, pharmacists and retailers are faced with the reality that their health and wellness business must adapt to the changing landscape. They must bring in more tools based on technology to help optimize the health of consumers. \n\n\n \nConsumers also have greater access to information than ever before and are beginning to take a more proactive role in their health care. They are turning to a variety of sources of information and looking for quick, reliable and accurate intel for better healthcare decision making - They are even more so turni...