b'VANCOUVER, BC, April 29, 2021 /PRNewswire/ - Valeo Pharma (CSE: VPH) (OTCQB: VPHIF) (FSE: VP2) has reached an agreement with the Ontario Public Drug Program to cover the costs of Redesca and Redesca HP anticoagulants that reduce the risks of blood clots.\nLaunched as a public entity in 2019 Valeo is a specialty pharma company that commercialises prescription products in Canada with a focus on Neurodegenerative Diseases, Oncology and Hospital Specialty Products.\nValeo\'s business model side-steps the typical pharma-development pipeline of animal-trials, human-trials and applications for regulatory approval.\nVPH partners with pharma companies that have drugs already approved in other jurisdictions, providing those companies with the infrastructure and expertise to navigate the Canadian landscape of drug commercialization.\nThe Product Listing Agreement (PLA) with the Executive Officer of the Ontario Public Drug Program means that eligible Ontario patients requiring Redesca and Redesca HP are insured for the costs of the drugs.\nRedesca is a low molecular weight heparin (LMWH) biosimilar.\nLMWHs are injectable anticoagulant drugs used primarily to treat and prevent deep vein thrombosis and pulmonary embolism.\nDeep vein thrombosis (DVT): a blood clot that forms in a deep vein, most commonly the leg or pelvis.\nPulmonary embolism (PE): a blood clot that becomes dislodged and passes through blood vessels before reaching the lungs.\n"Biosimilar drugs are often confused with generic drugs," explains The Cancer Center , "Both are marketed as cheaper versions of costly name-brand drugs.