SAFETY HARBOR, Fla., Sept. 24, 2024 /PRNewswire/ --- Integrated Ventures Inc. ("Company", "OTCQB: INTV") is pleased to announce that its newly launched subsidiary, MedWell USA, LLC has signed a strategic and valuable Management Services Organization ("MSO") agreement with FDA licensed manufacturer of pharmaceutical products.

This agreement enables MedWell USA to act as a Procurement Agent for Semaglutide, a leading pharmaceutical product in the weight management sector. MedWell USA will leverage various marketing avenues to target health providers, wellness clinics and gyms, across 23 states, expanding its footprint in the thriving health and wellness industry.

Semaglutide, a GLP-1 receptor agonist, has gained significant traction as an effective treatment for weight loss and management. The consumer market for Semaglutide is rapidly expanding, with the global market projected to reach $10.6 billion by 2028, growing at a compound annual growth rate (CAGR) of 14.5%.

Through this MSO agreement, MedWell USA will act as a B2B procurement agent, introducing health and wellness clinics to reputable pharmaceutical suppliers. By facilitating these connections, MedWell USA aims to ensure that clinics have access to high-quality Semaglutide and other essential pharmaceuticals, thereby enhancing their ability to provide effective weight management solutions to their patients.

"We are excited to announce this pivotal MSO agreement that empowers MedWell USA to play a crucial role in the procurement and expansion of Semaglutide," said Steve Rubakh, CEO of Integrated Ventures Inc.

"The Semaglutide market presents a significant opportunity, and we are committed to leveraging this agreement to provide top-tier pharmaceutical products to health and wellness clinics. We are anticipating signing of another MSO, which will enable MedWell USA to act as Procurement Agent for Tirzepatide - another GLP-1 based drug that regulates appetite and blood sugar levels while reducing hunger and promoting a feeling of fullness, thus helping patients to keep weight off. This is just the beginning of our journey, as we plan to expand our offerings, to include a broader range of pharmaceuticals and medical supplies."

MedWell USA's initial focus on the Semaglutide market will be the foundation for its broader strategy to introduce additional pharmaceuticals and supplies. By building strong relationships with health and wellness clinics and pharmaceutical suppliers, MedWell USA aims to become a trusted partner in the healthcare and wellness industry, and facilitate the high volume procurement of high quality, safe and effective pharma products that meet the evolving needs of medical providers and their patients.