08:55 AM EDT, 07/17/2024 (MT Newswires) -- Shoppers Drug Mart has struck a commercial partnership with Truvian Health, a San Diego-based startup that is seeking regulatory approval for its printer-sized devices to conduct on-the-spot blood tests without the need to go to a lab, The Globe and Mail is reporting Wednesday.
Loblaw Cos. Ltd. ( LBLCF ) , which owns Canada's largest drugstore chain, and Truvian announced the partnership Wednesday.
But the report noted for Shoppers to consider offering blood testing in its pharmacies or clinics, Truvian's devices would first need to secure Health Canada approval -- an important hurdle still to clear -- and would also have to be integrated into the funding scheme for blood testing in each provincial jurisdiction.
(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)