Assured Pharmacy boosts sales, narrows losses in Q2

Pain-focused specialty pharmacy reports 13.5% sales increase for first six months of FY2011

FRISCO, Texas — Specialty pharmacy provider Assured Pharmacy had sales of $4.17 million in second quarter 2011, a 5.3% increase over second quarter 2010, the company said Tuesday in an earnings report.

Assured, which specializes in medicines to treat chronic pain, said the sales increase was primarily a result of a 7.7% increase in prescriptions filled compared with second quarter 2010.

The sales increase narrowed losses by 31.1% to $292,766 from $425,176 in second quarter 2010.

For the first two quarters of the year, which ended June 30, sales were $8.6 million, a 13.5% increase over second quarter 2010. Losses for the two quarters were $429,896, a 46.4% decrease from the $801,943 loss the company reported for the first six months of 2010.

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