) recently announced that its Avive multiple-medication patient
adherence solution has won the Compliance Package of the Year
award from the Healthcare Compliance Packaging
According to studies, 32 million patients use three or more
medicines daily. The average 75-year old has three chronic
conditions and takes five medicines daily. It is a well known
fact that approximately half of patients around the globe do
not follow the prescribed medication regimen and do not take
medicines as directed. To solve this, MeadWestvaco along with
its pharmacy innovation partner, LTCPCMS, Inc., developed Avive
based on input from patients and pharmacists.
Avive offers a patient-customized solution that helps
patients take the right medication at the right time. All
prescriptions are picked up on the same day each month from a
single pharmacy and MeadWestvaco's Avive system synchronizes
the patients' medications. The system creates a customized
schedule for each patient, which consolidates dosage times as
per the Universal Medication Schedules and aligns with
patients' current daily habits. It arrives at the local
pharmacy ready to dispense, following a final inspection from
the pharmacist. Each Avive package features a month's supply of
pre-filled medication packets, labeled with medication names
and dosing instructions for the medications inside.
Avive is one of the five MeadWestvaco adherence solutions
that received recognition in the last three Compliance Package
of the Year Awards by Healthcare Compliance Packaging Council.
The development of Avive is in line with MeadWestvaco's
long-standing commitment to solve medication non-adherence.
According to MeadWestvaco, medication packaging can play a
unique and effective role in patient adherence, providing
important information ensuring the correct intake of medicines.
In June last year, MeadWestvaco completed the acquisition of
AARDEX Group, a leader in measuring patients' adherence to
medications. AARDEX Group is engaged in developing,
manufacturing and marketing of MEMS (Medication Event
Monitoring System). The system helps in measuring, analyzing
and facilitating patients' adherence to prescribed drugs and
dosing regimens in clinical trials.
The acquisition was in line with the company's strategy to
fortify its leadership position and gain market share in the
growing end markets. MeadWestvaco's portfolio expanded in the
complete range of packaging, data analysis and service solution
that help in rectifying the habit of non-adherence to
medications among patients.
We appreciate MeadWestvaco's strategy of becoming more of a
packaging company moving forward with its investments in adding
capacity and expansion in the emerging markets. However,
sluggish global demand, unfavorable foreign currency and
start-up expenses from the expansion activities will put
pressure on the company.
MeadWestvaco retains a Zacks Rank #3 (Hold).
Graphic Packaging Holding Company
Bemis Company, Inc.
Sonoco Products Co.
) are other players in the same industry.
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