Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Over 650 Pharmacy Alliance stores will use Corum’s software to increase prescription handouts
  • The “Corum Clear Dispense” software, as well as data backup and point of sale solutions will be applied
  • Corum has already planted its feet in the pharmaceutical market, with a recent $1.5 million investment by Alchemy Healthcare
  • Corum shares are trading 6.7 per cent higher today at 3.2 cents each

A new deal with Pharmacy Alliance will see Corum Group’s software solutions hit over 650 pharmaceutical outlets.

The strategic partnership will see the pharmacy franchise use Corum’s technology to streamline the process of handing out prescribed medication.

“We are delighted to partner with Pharmacy Alliance in providing a comprehensive pharmacy and head office software solution for their membership,” Corum CEO David Clarke said.

From the agreement, Pharmacy Alliance stores will be using the “Corum Clear Dispense” software for dispensing prescription products.

The pharmacies will also use Corum’s point of sale technology.

“The hard work and dedication of both teams will ensure the success of this relationship and set a solid foundation for growth between the two companies,” David added.

Pharmacy Alliance will also be making use of Corum’s system and data backup technology, titled “SafeGuard Plus”.

Today’s news is far from Corum’s first foray into the pharmaceutical market. In late-September this year, Alchemy Healthcare invested $1.5 million into the software solution company.

Alchemy Healthcare is an Australian company, specialising in pharmaceutical distribution and commercialisation.

“Whilst Corum is a longstanding software provider within the industry, it’s their combination of solutions and professionalism that has given us confidence that we will be supported every step of the way,” Pharmacy Alliance Managing Director Simon Reynolds said.

It doesn’t stop at instore solutions either, as Corum’s head office software will be used in Pharmacy Alliance’s top end of operations — “RPM Head Office”.

Shares in Corum are seeing a healthy uptake today, trading for 3.2 cents each at a premium of 6.67 per cent.

COO by the numbers
More From The Market Herald
The Market Herald Video

" Nearmap (ASX:NEA) receives $1b takeover bid from US investment firm

Aerial mapping company Nearmap (ASX:NEA) has received a $1.055 billion takeover bid from US-based software investment…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Archer Materials (ASX:AXE) secures Hong Kong patent for quantum computing chip

Archer Materials (ASX:AXE) announces the grant of a Hong Kong patent for its 12CQ quantum computing…

" Way2VAT (ASX:W2V) secures additional $300k in private placement, closes SPP early

Way2VAT (W2V) secures an additional $300,000 from Moneta Seeds in a private placement at 5.1 cents…