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    INVE   US45170X2053

IDENTIV, INC.

(INVE)
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Identiv : Spoken Rx™ “Talking” Prescription Labels Now Available in All CVS Pharmacy Locations

11/30/2021 | 03:11pm EST

Spoken Rx is the first in-app prescription reader to be developed by a national retail pharmacy

WOONSOCKET, RI, November 30, 2021 - CVS Pharmacy, the retail division of CVS Health (NYSE: CVS) is now offering Spoken Rx™, its proprietary audio prescription label solution, in all its nearly 10,000 pharmacy locations nationwide, including more than 1,700 CVS Pharmacy locations within Target. Developed in collaboration with the American Council of the Blind, Spoken Rx is a technology that allows patients to have their prescription information read aloud, designed for those with visual impairments and those who cannot read standard print labels. It is available at no extra cost to patients.

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The Spoken Rx feature, available in the CVS Pharmacy App and easily accessible using Voiceover for iOS, or self-voicing with Siri or Google Assistant on a smartphone, can read a specific type of label which is affixed to the bottom of each prescription container for patients who have enrolled in the program. When these RFID (radio-frequency identification) labels are scanned using the Spoken Rx tab in the CVS App, important prescription information, including patient name, medication name, and directions, will be read aloud in either English or Spanish. Identiv, Inc. (NASDAQ: INVE), a global leader in digital identification and security, powers this groundbreaking program, which CVS developed as part of its commitment to digital health innovation.

"We continue to remove barriers to health care for all patients, and this in-app technology furthers our commitment by providing patients added flexibility and independence," said Jared Tancrelle, Senior Vice President, Store Operations at CVS Health. "Our patients are increasingly digitally connected, so digital tools like Spoken Rx are a priority for us as we listen to feedback and adapt our suite of pharmacy services and programs to ensure we're best meeting the needs of all consumers."

Developed in collaboration with the American Council of the Blind, Spoken Rx launched in 1,700 stores in 2020 and is now available chainwide. "This is a positive step that offers same-day, access for prescriptions filled in CVS stores. Spoken Rx allows for a greater level of privacy, safety, and independence for blind and visually impaired customers," said Eric Bridges, Executive Director for the American Council of the Blind.

With the CVS App and a registered CVS account, patients can enroll in Spoken Rx for free over the phone by calling their local pharmacy, or in-store, where a pharmacist can ensure the patient's app is appropriately set up for the service. For patients without a smart phone, CVS offers an alternative in the form of a stand-alone speaker device that can read the Spoken Rx labels. For more information, visit www.cvs.com/content/pharmacy/spoken-rx or call 1-888-287-5654.

Spoken Rx adds to the existing braille, audio, and large-print accessible prescription label options already available through cvs.com. It is one of the latest features integrated into the CVS App, which makes it easy for patients to stay connected to health resources, refill prescriptions, and make appointments for health services such as vaccinations and testing.

About CVS Pharmacy

CVS Pharmacy, the retail division of CVS Health, is America's leading retail pharmacy with nearly 10,000 locations, including over 1,700 pharmacies inside of Target and Schnucks grocery stores. We are committed to delivering innovative health solutions that create a simpler, more accessible experience for patients, and caregivers. CVS Pharmacy is the only national pharmacy to remove tobacco products from its shelves and has taken a leadership role in responding to the COVID-19 pandemic by making testing and vaccinations available at locations across the United States. For the latest product and service offerings, visit www.cvs.com or download the CVS App.

About American Council of the Blind (ACB)

The American Council of the Blind is a national member-driven consumer organization representing Americans who are blind and visually impaired. During the organization's 60-year history, ACB has become a leader in national, state, local, and even international advocacy efforts. With 68 affiliates, ACB strives to increase independence, security, equality of opportunity, and to improve the quality of life for all people who are blind and visually impaired. For more information, visit www.acb.org.

Disclaimer

Identiv Inc. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 20:10:00 UTC.


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Financials (USD)
Sales 2021 104 M - -
Net income 2021 3,28 M - -
Net Debt 2021 - - -
P/E ratio 2021 154x
Yield 2021 -
Capitalization 410 M 410 M -
Capi. / Sales 2021 3,96x
Capi. / Sales 2022 3,12x
Nbr of Employees 326
Free-Float -
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Number of Analysts 4
Last Close Price 18,48 $
Average target price 29,25 $
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Steven Humphreys Chief Executive Officer & Director
Justin Scarpulla Chief Financial Officer
James Ernest Ousley Chairman
Manfred Mueller Chief Operating Officer & General Manager-Identity
Gary Alan Kremen Independent Director
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