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Corum distributes its software to over 650 pharmacies

Technology
ASX:COO
10 October 2019 23:09 (AEST)

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.

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