FLORHAM PARK, N.J. — Armada Health Care will launch a new association of specialty pharmacy at its upcoming annual summit, the specialty pharmacy services company said Thursday.
Armada, a group purchasing and contracting organization, announced the formation of the Specialty Pharmacy Association of America, or SPAARx, which it will launch at the ninth annual Armada Specialty Pharmacy Summit in Las Vegas on May 6. Armada said it was forming the group in response to an "overwhelming volume of requests" from various stakeholders asking for the company to help fill what it called a void in the marketplace.
The group will be neutral to all industry vendors and governed by a board of directors comprising executives form a diverse group of specialty pharmacies and related organizations.
"Over the past several months, numerous industry stakeholders have encouraged Armada to take the lead and create a new, industry-aligned association for specialty pharmacy," Armada CEO Lawrence Irene said. "After much consideration, we responded with the plan to utilize our annual summit as the springboard to develop and grow the new association. We see this as a natural progression for the evolution of our annual conference as it continues to grow. The reputation, size and scope of our annual conference will give the new association instant credibility in the marketplace. It is the perfect venue as it provides a neutral and unified focal point for the rapidly expanding specialty pharmacy industry."
Armada said summit attendees would be invited to join the new association as charter members, and it will ultimately include thousands of individual members, specialty pharmacy corporations and other related industry organizations from all 50 states. The company said the group's goal would be to promote the common business interests of the industry while fostering opportunities within it.