Dr. Albert Friesen reports

MEDICURE ANNOUNCES EXPANSION OF ITS PHARMACY BUSINESS THROUGH SIGNING OF A PURCHASE AGREEMENT FOR THE ACQUISITION OF GATEWAY MEDICAL PHARMACY

Medicure Inc., through its wholly owned U.S. subsidiary, Medicure Pharma Inc., signed a definitive agreement on Feb. 14, 2025, to acquire 100 per cent of Gateway Medical Pharmacy Inc. from an arm's-length third party. Gateway generated unaudited revenue of approximately $3.1-million and net income of $271,000 for the 12-month period ended Dec. 31, 2024.

Closing of the proposed transaction is subject to a number of terms and conditions, including, but not limited to, transfer of agreements and licences to Medicure.

"This acquisition aligns with Medicure's strategic plan for the expansion of Medicure's direct-to-consumer pharmacy business," said Albert D. Friesen, chief executive officer of Medicure and chair of its board of directors. "We look forward to welcoming the Gateway pharmacy team and its customers and prescribers. This expansion extends our best-in-class service offering to more patients and positions Medicure to accelerate its growth of Zypitamag, and its other products and services. Selling Zypitamag directly to consumers through our pharmacy business has proven to facilitate access, improve adherence, lower the cost to patients and lower our costs of distribution."

Medicure will not require any financing or acquire any debt as part of the proposed transaction, and no finders' fees are being paid by Medicure.

About Medicure Inc.

Medicure is a company focused on the development and commercialization of pharmaceuticals and health care products for patients and prescribers in the United States market. The present focus of the company is the marketing and distribution of Aggrastat (tirofiban hydrochloride) injection and Zypitamag (pitavastatin) tablets in the United States, where they are sold through the company's U.S. subsidiary, Medicure Pharma. Medicure also operates Marley Drug Inc., a pharmacy subsidiary servicing all 50 states, Washington and Puerto Rico. Marley Drug is committed to improving access to medications for all Americans together with exceptional customer service and free home delivery.

About Gateway Medical Pharmacy Inc.

Independently owned, Gateway is located in Portland, Ore., in a medical office building near major transportation lines and multiple health care clinics and centres. In addition to regular customers, the pharmacy services multiple long-term care facilities and provides non-sterile compounding services.

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