BioScrip sales increase, profits decrease in Q3
ELMSFORD, N.Y. — Specialty pharmacy provider BioScrip reported $454 million in sales and $500,000 in profits in third quarter 2011, according to an earnings statement released Tuesday.
The sales figure represented a 2.9% increase over third quarter 2010’s $441.2 million, while the profits compared with profits of $2 million during the same period a year ago.
"Overall, growth occurred in spite of a challenging economic environment impacting demand for services, lower acuity levels, shifts in reimbursement rates and other short-term trends impacting companies industry wide," BioScrip president and CEO Rick Smith said. "The diversification that we have in our payer mix has enabled us to keep making forward progress."
Ohio Northern University honors three College of Pharmacy alumni
ADA, Ohio — Ohio Northern University’s Raabe College of Pharmacy gave three alumni its Distinguished Alumni Awards last week.
The alumni were 1982 graduate Mark Gregory, currently VP pharmacy and government relations for Raleigh, N.C.-based Kerr Drug, former president of the North Carolina Association of Pharmacists and former chair of the National Association of Chain Drug Stores’ Policy Council, as well as current chairman of the North Carolina Retail Merchants Association; 1987 graduate Renee Coffman, co-founder, EVP quality assurance and intercampus consistency and dean of the College of Pharmacy of the Roseman University of Health Sciences; and 1983 graduate Susan Meyer, associate dean for education and professor at the University of Pittsburgh School of Pharmacy.
"We are extremely honored to recognize these distinguished alumni for their significant contributions to the profession of pharmacy," Ohio Northern University College of Pharmacy dean Jon Sprague said. "These individuals have helped build the proud tradition and excellence of Ohio Northern’s pharmacy college."
Purdue Pharma launches RxPATROL Twitter feed
STAMFORD, Conn. — Purdue Pharma has launched a new way for fighting pharmacy crime, the drug maker said Tuesday.
Purdue, which makes OxyContin (oxycodone), an opioid prescription painkiller that is a common target for drug abusers, announced the creation of Twitter.com/RxPATROL, which will allow pharmacy staff, law enforcement officials and loss-prevention personnel to follow updates about pharmacy robberies, burglaries and potential threats in their area and nationwide, as well as tweets with safety and security tips. The Twitter page is part of the RxPATROL program, which tracks and analyzes reports of pharmacy crime across the country and posts crime-related information on Rxpatrol.org.
"Pharmacy crime is a problem in many communities," RxPATROL program analyst captain Richard Conklin said. "RxPATROL is using new communication vehicles to help harmony staff and law enforcement fight pharmacy crime."