Upsher-Smith inks deal to market and distribute three generic products
MAPLE GROVE, Minn. — Upsher-Smith Laboratories entered into an exclusive agreement with an emerging pharmaceutical company to market and distribute three generic products. These products will compete in markets with combined U.S. annual sales of nearly $200 million, according to IMS Health.
Under the terms of the agreement, the partner will develop, manufacture and supply the products exclusively for Upsher-Smith, which will market and distribute the products under its own label in the United States.
Financial terms related to the deal have not been disclosed. The name of the pharmaceutical company was not revealed in a news release.
"We are pleased to have entered into a partnership that will help Upsher-Smith build on its already strong presence in the U.S. generic marketplace," said Rusty Field, President, Upsher-Smith. "We look forward to creating more such partnerships with companies who share in our commitment to delivering quality, high-value generic products to patients."
Upsher-Smith Laboratories, Inc., founded in 1919, is a growing, fully integrated pharmaceutical company dedicated to its mission of delivering high-value, high-quality therapies and solutions which measurably improve individuals' lives.
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Suncrest debuts HangRx/p-link will-call system
OREM, Utah — Suncrest Solutions in partnership with EZ-RFID introduced the HangRx/p-link automated light guided will-call system.
Using radio frequency ID, this patented system easily converts existing the hangup bag will call system to a highly efficient, automated light guided will call, a win-win for pharmacists and patients, according to the company. “With integrations and relationships in today’s top pharmacy management systems, upgrading your will call doesn’t get any easier,” stated Suncrest.
“The technology has thus far been implemented at Drugco Discount Pharmacy in Roanoke Rapids, N.C. “The system provides a huge amount of [return on investment] for both money and time,” said Drew Huggins, chief operating officer for Drugco. “Our pharmacy fills 1,300 prescriptions per day and has over 600 individual prescription pick-ups on a typical day. If we are conservatively saving an average of 1 minute per prescription pick up, we are recouping almost 10 hours of employee time per day in retrieving prescriptions alone. Our cost savings are primarily associated with this reduction in employee time burden, as well as a decrease in costs associated with prescription pick-up errors and lost time for long searches.”
Great Product with great early reviews coming in! So excited to be apart of it!
Innovation to offer Advanced Pharmacy Practice Experience to Binghamton students
BINGHAMTON, N.Y. — Innovation will provide Advanced Pharmacy Practice Experience to students enrolled in the Binghamton University School of Pharmacy & Pharmaceutical Sciences beginning with the fall class of 2017.
“We’re honored to become an advanced pharmacy practice site and to offer Binghamton University pharmacy students the opportunity to learn about the many complexities of today’s ever-evolving pharmacy operations. This is a unique APPE offering for students that truly differentiates Binghamton University SOPPS from schools of pharmacy around the country,” said Phil Samples, PharmD, VP, professional and government service at Innovation and a member of the new school’s Dean’s Advisory Council. “We’re looking forward to sharing our in-depth knowledge and experiences with [Binghamton] students, and we’re dedicated to helping them prepare for their careers in pharmacy and for improving patient outcomes.”
Binghamton students that select this elective rotation will spend six weeks working side-by-side with Innovation senior team members with a specific focus on learning effective management and leadership skills in an outpatient pharmacy operations environment. In addition, students will learn proven best practice tools and techniques to analyze, interpret, model, simulate, and predict operational performance under relevant workload, workflow, and process options. Lastly, Innovation, makers of PharmASSIST pharmacy automation solutions, will teach students about Lean Six Sigma and how to apply the methodology to pharmacy operations.
“By exposing our prospective pharmacists to the future of pharmacy, our students will be both well versed in the various technological advancements in today’s pharmacies, and be immersed in problem-solving methodology that can be applied to critically assessing patients,” said Angela Riley, PharmD, CGP, assistant dean, experiential education at Binghamton University.
“Innovation has created strong relationships with various schools from Binghamton University to develop Pharmacy Intelligence to improve outcomes in pharmacy practice,” she added. “The next best step is to create a strong relationship with the SOPPS, as these students will be the practitioners implementing and managing such technological advancement. I look forward to growing with Innovation.”
Binghamton University’s School of Pharmacy and Pharmaceutical Sciences will begin on Binghamton’s campus in August 2017, and will eventually relocate to a newly constructed building on a new, eight-acre health sciences campus in Johnson City, N.Y. The new building is expected to open in 2018.
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