Thanks Biz... watching this video made me want to
Post# of 85484
At 6 minute mark:
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Chair, Pres. CEO of Univec Conglomerate Inc. is a specialty pharma and cannabis company focused on medication for pain, addiction treatment through transdermal delivery technology, effective through the Univec Transdermal Patch.
How we got here as relates to CBD... graduating from West Virginia University as a Pharmacist, I matriculated into a company called Rite Aid Corporation. We started one store in Scranton PA and over the next 18 years I held every position at Rite Aid from an Intern to Executive Vice President.
The challenges it presented was how do you have 5,000 pharmacies in 23 states, and at that time reimbursement has always driven what the market was going to be. In that situation the pharmacist had the problem of filling the prescription and then completing a claim for it. So that claim form had to be transferred into some automated mechanism so we founded the National Council of Prescription Drug Programs that effectively is far ahead of what we look at as electronic medical records in the environment today, hospitals etc. Pharmacy has always been ahead of the curve as it relates to that. So we went from the universal claim form, universal tape etc, etc. to get pharmacy automation.
So when you go into a pharmacy today... our technology effectively gave real time adjudication to be able to bill and get paid while the patient is standing right in front of you. When you go into a doctor's office today imagine not having to have redundancy on that. We then took the next step and this journey gave me three Halls of Fame as well as the Senatorial Medal of Freedom to make change for the patient and not be concentrated on the dollar.
The next company called Health Resources which I founded back in 1989 effectively gave payment mechanisms for about 1.2M people in the United States. Why was this change necessary? Because there was no true way to effectively get payment for indigent in the United States because this was before the actual medicaid programs as well as some third party programs that existed. And that changed the whole environment in pharmacy because you went from a cash and carry to a third party payment.
So going on down the road to get us into the CBD arena, is that we had been providing Johns Hopkins with methadone for over 15 years... that was maintaining the pain and the symptoms of addiction but it was not really giving resolution, so we opened up our own CARF clinics where we had a closed systems to be able to monitor the true results of CBD in doing that we wanted to make sure we also had the research we could rely on to make sure if we made a statement that statement would be true. So we have a company in Israel called EuroMed in which we have that tied into the Hebrew University for Research.
Israel has been ahead of the United States for cannabis for the last twenty years. So that when we look at what we say as our gold standard is based on research. So going through the whole change of things, a change of policy in the United States being able to deliver CBD as we require a gold standard based on research that's where we are today in delivering a complimentary alternative to opioid prescribing. The CBD Univec Transdermal Patch has reduced the opioid prescribing at our clinics by 25 percent.
At 27 minute mark:
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One of the things I see is that affects everyone here is that the patient has to have access to the wellness programs, the education, the product, the distribution but what happens is there's barriers that are created. We heard about nitric oxide as a better alternative which I think it is because it's not just the antibiotic that's prescribed there's also the prednisone that goes along with that it creates additional sidepoints but the wellness movement is making a different move. Because of the wellness programs and money being funded for wellness programs just like CMS right now is paying for prediabetic programs, significant funding for that, that will get an opportunity for the barrier to be removed because the consumer/patient is looking for answers and those answers are going to be every day how can I take care of myself... Univec's purpose is to make change so that our 70,000 pharmacies can be an advisor... you ask your pharmacist, I think that's a trusted entity and getting that information if the pharmacist does not have access to that medication there's a problem. That problem is government policy ... under government policy what happens is CBD as an example which is now legal throughout the United States, last year was not legal until the Farm Bill was passed so until we see policy changed so that products that are not dangerous have a less barrier of entry into the marketplace, until we see reimbursement on wellness programs because individuals are educated to get that information to the patient to empower the patient instead of barriers, I think that's the primary push we need to give.
At 34 minutes:
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That's exactly correct, access to the information backed up by a professional who' done the research is critical. We have virtual medicine in our company.. we have wellness teledoc. Our wellness teledoc not only includes the physician but includes the pharmacist so there's two reviewing the patient profile before something is in fact recommended for them. In the wellness programs whether the product is there, that's reviewed also that the general public will have confidence in what is being said to them backed up by the research for them to feel very comfortable with that.
At 36 minutes:
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Regarding opioids... the physicians created a problem because of the manufacturers educating the physicians to believe the research that was presented was true. So bottom line today, the opioid epidemic is created because of the manufacturers of that product... APPLAUSE... secondly, the alternative medicines have been solutions. In our environment specifically, we have a closed system so that we know the research we are doing is correct, By that we mean that we manufacture the product so we know the product. Our pharmacies dispense the product. We then even pay for the product through patient assistance programs because a lot cannot afford to have access to the alternative medicine because it is not reimbursed by insurance. We have a closed system for that with virtual medicine as well as the actual physical component tied into wellness programs because mind body and spirit is critical to the holistic way to get better. In our clinics which are CARF accredited clinics we have been able to reduce again the opioid prescribing by 25%. That's our own research; we don't have to go out and ask anybody that, so if we can reduce opioid prescribing withour Univec Transdermal Patch by 25% we know that' an alternative and it's working.
Toward end just past 47 minute mark Dr. Dalton speaks about personalized medicine which he says is the future but for him has also been the past:
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For last 15 years I've worked with the Genetic Disease Foundation out of New York to address certain situations as well as I'm on the Board of the University Biopark in Maryland and we have the Genome Institute so these changes that are happening is that medicine is going to become more personalized and again it's driven by the reimbursement money and I look forward to the day the healthcare system puts the patient first but that's not happening yet. The personalized medicine today is here but it's just not being transmitted into the healthcare system. In two years we'll have a different conversation about that, but more medicine is becoming personalized even from the drug therapy to the physical and mental process that supports that individual.
Remember the above was said by Dr. Dalton in 2019 and today we have the Covid-19 world-wide pandemic... surely Univec is looking to be a beacon of light and step up to rescue and save lives...