TrialCard announced the acquisition of RxSolutions, a company that specializes in customized pharmaceutical reimbursement programs for both commercial and clinical supply professionals.
In addition to traditional pharmaceutical co-pay programs, RxSolutions has introduced the RxStudy Card, a revolutionary way to streamline supply management for pharmaceutical manufacturers conducting clinical trials. The RxStudy Card saves the sponsor one-third or more of the cost of open label study components by allowing patients to obtain unblinded medications and supplies at trusted retail and specialty pharmacies.
In December 2018, TrialCard achieved the coveted ISO 27001 certification, the gold standard in data security. TrialCard also offers TC Synapse, a full suite of risk mitigation and compliance solutions, which includes co-pay accumulator program mitigation and pharmacy fraud detection.
"We are excited to announce this agreement, which brings together two well-respected, Triangle-based organizations," said Mark Bouck, President and CEO of TrialCard. "This acquisition advances TrialCard's vision to diversify and enhance our service offerings to our customers. We are very impressed with the business that RxSolutions has built and the culture they have maintained. RxSolutions is a great fit for TrialCard due to its affordability programs, longstanding presence in this space, and commitment to the patient."
"I would like to thank the entire RxSolutions team for all that we have accomplished and the inroads that we've made into the clinical trial space," said Tom Heck, President of RxSolutions. "We feel like the opportunity to join forces with a market leader like TrialCard is in the best interests of the brands that we support and the patients that we serve."