“The last year and half have been spent building a foundation for growth and we still have a ways to go. Instituting new SOP’s, new technologies, hiring new staff, building an account base, and adapting to a new regulatory environment takes time. The industry has been under an immense amount of pressure as a result of the Meningitis outbreak and we have to ensure that we have the best quality systems in the industry, that doesn’t happen overnight. That said, Pharmagen Laboratories, our sterile compounding business, will be a clear growth driver in the near future,” said Mackie A. Barch, CEO of Pharmagen.
Pharmagen, Inc. (“Pharmagen”), and wholly owned subsidiaries and operating divisions Pharmagen Laboratories, Inc., Pharmagen Distribution, LLC and Pharmagen Nutraceuticals, Inc. offers innovative solutions to the nations sterile pharmaceutical crisis. With a multi-solution approach, Pharmagen is helping to meet the demand of the health provider market through independent wholesale, compounding, and IT solutions. Nationally focused, Pharmagen is a distributor of specialty drugs, compounding and admix pharmacy and producer of over-the-counter (“OTC”) branded multivitamins. Pharmagen currently functions as a just-in-time source of supply for hospitals for those products that are hard-to-find due to drug manufacturers’ production shortages.
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