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3 Healthcare Stocks that Could Move on Industry Growth

CORAL GABLES, FL / ACCESSWIRE / October 30, 2018 / According to the MarketsAndMarkets* report "Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, HIE, Telehealth, Healthcare Analytics, Population Health Management, Supply Chain Management, CRM, Fraud Management, Claims Management) End User (Provider, Payer) - Global Forecast to 2021", the market for healthcare IT is expected to reach $280.25 Billion by 2021 at a CAGR of 15.9% during the forecast period. This is up significantly from $134.25 Billion in 2016.

The report states that "The majority of the demand for healthcare IT solutions is driven by the growing need to reduce healthcare costs while adhering to the regulatory requirements set by government organizations for ensuring safety, security, and confidentiality of patient information. The growing adoption of health information exchanges (HIEs) and EHR systems and improved quality of care and clinical outcomes are some of the other factors driving market growth."

Following these latest industry trends, companies like Premier Health Group, Inc. ( PHGRF )(PHGI.CN), Achieve Life Sciences, Inc. (ACHV) and Titan Pharmaceuticals, Inc. (TTNP) are in focus on Tuesday.

Premier Health Group, Inc. ( PHGRF )(PHGI.CN) successfully acquired HealthVue Medical Clinics in August. With this acquisition, Premier was able to enter the primary care clinic and healthcare technology business. HealthVue is a group of four Greater Vancouver-based fully integrated, paperless and electronic-medical-record-based medical clinics with a 10-year history, 22 healthcare professionals and over 100,000 active patients. The clinics have seen revenue growth in excess of 25 percent year over year for the past three years and thus far accounted for over 36,000 patient visits in 2018. HealthVue will open its fifth clinic in Q4 2018.

According to a Research And Markets report, the market for telemedicine was valued at $ 29.6 Billion in 2017 and is anticipated to grow at a compounded annual rate of approximately 19% during 2017-2022. The reported growth of the market is likely to be driven by increasing adoption of telemedicine, rising incidences of chronic diseases, growing geriatric population, government initiatives, and a shortage of physicians among others.

Furthermore, Premier Health Group, Inc. ( PHGRF )(PHGI.CN) expansion plans include new clinic openings, acquisitions (clinic, technology, and patients), cannabis clinic(s) and partnerships. Just last week Premier Health Group, Inc. ( PHGRF )(PHGI.CN) announced that its common shares traded on the OTC Markets Group Inc.'s OTCQB Venture Market in the United States, under the symbol PHGRF, are Depository Trust Company eligible, effective Oct. 22, 2018.

For More Information On Premier Health Group, Click Here

Achieve Life Sciences, Inc. (ACHV) is a clinical-stage pharmaceutical company committed to the global development and commercialization of cytisinicline for smoking cessation. Today Achieve announced the initiation of a Phase 2b ORCA-1 trial for smoking cessation.

ORCA-1 is the first in Achieve's ORCA (Ongoing Research of Cytisinicline for Addiction) Program, that aims to evaluate the effectiveness of cytisinicline for smoking cessation and potentially other indications. This Phase 2b trial will evaluate both the 1.5mg and 3mg doses of cytisinicline on a declining titration schedule over 25 days, as well as three times daily dosing. The trial is randomized and blinded to compare the effectiveness of the cytisinicline doses and schedules to respective placebo groups. The primary efficacy endpoint is reduction in the number of cigarettes smoked during treatment with secondary analyses conducted on smoking cessation rates, safety, and compliance. ORCA-1 will evaluate approximately 250 smokers and is being conducted at eight centers across the U.S. Data results are expected in mid-2019.

In a corporate release, Rick Stewart, Chairman and Chief Executive Officer of Achieve Life Sciences said, "We intend to utilize our learnings from this trial to finalize the Phase 3 program, expected to begin later next year."

Shares were up sharply during pre-market trading on Tuesday morning.

For More Information On Achieve Life Sciences, Click Here

Titan Pharmaceuticals, Inc. (TTNP) signed a license agreement with Knight Therapeutics (GUD.TO) to distribute PROBUPHINE in Canada. PROBUPHINE is a subdermal implant designed to deliver buprenorphine continuously for 6 months following a single treatment. This morning, Knight announced the commercial availability of PROBUPHINE™ for the management of opioid dependence in patients clinically stabilized on no more than 8 mg of sublingual buprenorphine in combination with counseling and psychosocial support.

"The approval of Probuphine by Health Canada earlier this year was a milestone and we look forward to supporting our partner Knight Therapeutics in this next phase," said Titan President and CEO Sunil Bhonsle. "The commercial launch of Probuphine provides the Canadian medical community with a novel, long-term treatment alternative that can provide benefits to many patients suffering from this disease."

For More Information On Titan Pharmaceuticals, Click Here

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*MarketsAndMarkets Report: https://www.marketsandmarkets.com/PressReleases/healthcare-it-market.asp

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