TRHC TABULA RASA HEALTHCARE

Results of Tabula Rasa HealthCare’s First Simulated Clinical Study on Proposed COVID-19 Treatments and Therapies is Published

Results of Tabula Rasa HealthCare’s First Simulated Clinical Study on Proposed COVID-19 Treatments and Therapies is Published

Study results demonstrate an increased risk for adverse drug events in older patients by adding COVID-19 repurposed treatments to current medication regimens

MOORESTOWN, N.J., Aug. 12, 2020 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc® (TRHC) (NASDAQ: TRHC), a healthcare technology company advancing the field of medication safety, announces TRHC’s Precision Pharmacotherapy Research and Development Institute (PPRDI) published the research article,  in the August 10, 2020 online edition of the Journal of Clinical Medicine. The article is a result of the first U.S. simulation study conducted in an outpatient setting to assess the estimated risk of adverse drug events (ADEs) with repurposed COVID-19 treatments.

In the study, TRHC’s first utilized TRHC’s  technology to determine each patient’s  (MRS), which is a predictive tool for adverse drug events (ADEs). Next, five repurposed COVID-19 drugs (or drug combinations) were added, one at a time, to patient drug regimens. The drug combinations included hydroxychloroquine, alone and in combination with azithromycin; chloroquine, alone and in combination with azithromycin; and lopinavir + ritonavir.

“The results of this study validate the science behind our MedWise technology,” states TRHC Chair and CEO Calvin H. Knowlton, Ph.D. “The cumulative multi-drug analysis of MedWise is an essential tool for the medical community to embrace when assessing the risk of introducing therapies that have not been proven in any other clinical setting.”

The study showed an increased MRS for a significant number of participants with all drugs (or drug combinations) due to drug-drug interactions competing for their metabolic pathway and the increased risk for drug-induced Long QT syndrome. Long QT syndrome is a disorder that can cause fast and chaotic heartbeats, triggering a sudden fainting spell, seizure, and in some cases, death. 

“Our study confirms there is a safe way to examine the risks of adding new medications to an individual’s medication regimen, before they are prescribed the drug,” states TRHC’S PPRDI Chief Operating Officer Veronique Michaud, Ph.D. “We looked at the impact of these drugs on the total MedWise Risk Score and each of its components. The results showed which subgroups of patients are at increased risk of toxicity when exposed to one or another COVID-19 repurposed drug used off-label.”

About Tabula Rasa HealthCare

TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit .

About TRHC’s Precision Pharmacotherapy Research and Development Institute

TRHC’s PPRDI is committed to developing proprietary products, validation, and recognition by scientific and regulatory communities, improving patient outcomes, and reducing preventable healthcare utilization and costs. In 2020, the TRHC research pillar has 39 active research projects, 32 peer-reviewed publications in well-renowned journals, eight manuscripts accepted for publication, and two National Institute of Health research grants under review.

Forward-Looking Statement

This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. These forward-looking statements include, among other things, our goals and expectations regarding the combined company and the integration of PW into TRHC, the expected synergies from the combined company and the expected financial and operating performance of TRHC following the completion of the acquisition. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the risk that we may not be able to achieve our expectations for the combined companies due to challenges in integration and inability to retain key employees; fluctuations in our financial results; the acceptance and use of our products and services by PACE organizations and pharmacies; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; our ability to maintain relationships with a specified drug wholesaler; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; the requirements of being a public company; our ability to recognize the expected benefits from acquisitions on a timely basis or at all; and the other risk factors set forth from time to time in our filings with the Securities and Exchange Commission (“SEC”), including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 2, 2020, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website or upon request from our Investor Relations Department. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.

TRHC Media Contact

Amanda Bednar

 

T: (856) 912-5714



Dianne Semingson

 

T: (215) 870-0829

Investors

Frank Sparacino



T: (312) 451-2157



 

An infographic accompanying this announcement is available at 

EN
12/08/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TABULA RASA HEALTHCARE

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Daily Ratings Report: July 27, 2022

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Daily Ratings Report: July 25, 2022

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Tabula Rasa Healthcare Inc: 3 directors

A director at Tabula Rasa Healthcare Inc bought 2,000 shares at 5.630USD and the significance rating of the trade was 34/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch