Pharmagen, Inc., through its subsidiaries, operates as a distributor of specialty drugs, compounding and admix pharmacy; and producer of OTC branded multivitamins to the healthcare provider market.
The company functions as a solution provider to hospitals through sterile compounding/admix pharmacy and just-in-time source of supply of products that are hard-to-find due to drug manufacturers’ production shortages. In addition to pharmaceuticals, it manufactures and distributes OTC branded health...
Pharmagen, Inc., through its subsidiaries, operates as a distributor of specialty drugs, compounding and admix pharmacy; and producer of OTC branded multivitamins to the healthcare provider market.
The company functions as a solution provider to hospitals through sterile compounding/admix pharmacy and just-in-time source of supply of products that are hard-to-find due to drug manufacturers’ production shortages. In addition to pharmaceuticals, it manufactures and distributes OTC branded health supplements.
Principal Services and Products
The company is a wholesale distributor of approximately 6,000 of its specialty drugs. The company’s Pharmagen Distribution, LLC (Pharmagen Distribution) subsidiary provides three primary distribution services and owns one OTC product.
Distribution Services
As a distributor, the company provides pharmaceuticals to hospitals, acute care facilities, surgery centers, and other healthcare practitioners. These facilities have agreements with primary pharmaceutical providers that provide them with the majority of the drugs they need. It also occasionally sources and distributes various traditional drugs to its customers.
Sourcing and Distribution of Hard-To-Find Pharmaceuticals
Pharmagen Distribution plays the role of special purchasing agent and procurement expediter for its customers. Pharmagen Distribution contacts various suppliers within the industry supply chain to find certain hard-to-find pharmaceuticals and facilitates the delivery of such pharmaceuticals within 24 to 48 hours.
Pharmagen Laboratories, Inc.
The company owns Pharmagen Laboratories, Inc., which engages in the formulation of drugs that are not otherwise commercially available, require specialized delivery systems, or require dosing changes. Through Pharmagen Laboratories, Inc., the company could fill some of its existing customer orders in-house, as well as orders from third parties.
Healthrite Pharmaceuticals
Healthrite Pharmaceuticals is a ‘waiver’ pharmacy that purchased certain drugs, which it could sell to Pharmagen Distribution for Pharmagen Distribution to resell.
Sourcing and Distribution of Blood Plasma Derivatives, Specialty Products, Vaccines, and Anti-Infectives
The company distributes products, such as plasma derivatives, specialty products, and anti-infectives. Plasma derivatives are used to treat complex and serious medical conditions, such as cancer, hemophilia, rheumatoid arthritis, multiple scleroses, blood disorders, hepatitis, and HIV. Specialty products include various drugs used to treat respiratory, oncology, cardiovascular, and hormonal syndromes.
Sourcing and Distribution of Select Traditional Pharmaceuticals
Pharmagen Distribution also sells traditional pharmaceutical products to its distribution customers. These products include antibiotics, vaccines, and other oral and injectable pharmaceuticals.
Intellectual Property
The company has one trademark with two others pending.
Competition
The company competes with Novis, Atlantic, and Jace.
History
Pharmagen, Inc. was founded in 2008.