On December 31, 2001 Univec, Inc., acquired Physic
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Posted On: 12/12/2020 10:32:36 AM
On December 31, 2001 Univec, Inc., acquired Physician and Pharmaceutical
Services, Inc., (PPSI) a company engaged in group purchasing (GPO) and promoting
Pharmaceutical company prescription samples to physicians for their patients. PPSI
reduces the cost in the prescription-sampling channel by providing efficient
fulfillment and tracking of prescription usage. PPSI's national network of pharmacies
fills the sample prescription on a discounted fee and the Company's mail service
fulfillment complements additional needs. PPSI's approach conforms to regulations
requiring increased accountability and elimination of diversion of prescription
samples, consequently reducing the exposure of physicians and pharmaceutical companies
to potential liabilities and non-compliance penalties. PPSI’s group purchasing programs
provide for reduces prices on prescription drugs and other products through leveraged
purchasing and closed system market share. Univec also is a distributor of a highly
regulated pharmaceutical drug, methadone and other prescription drug products.
Univec during late 2004 established the company as a distributor of specialty and
highly regulated pharmaceutical products. The company intends to expand the product line
to take further advantage of its group purchasing and closed systems purchasing.
Univec extended its product line to include a highly regulated pharmaceutical (methadone)
and other pharmaceutical products. The company will continue to sell it products through
large United States based wholesalers as well as direct in large bulk to the larger
customers of the company. The company’s group purchase programs and closed market purchasing
positions the company’s product line well.
Marketing of Pharmaceutical Company Drug Samples to Physicians
PPSI patient StarterScript prescription drug program allows the physician to provide
to the patient a cost effective means to support medication management from
both a clinical and economic perspective. The patient sees if they may tolerate
the medication under both the physician and pharmacist oversight.
The PPSI online network provides better marketing and clinical integration
information than traditional systems, and enables pharmaceutical companies to
maintain market share when competing with generic drugs. The PPSI information
system includes detailed information such as the individual sales
representative, zip codes, DEA number, pharmacy and prescribing physician. The
PPSI system provides pharmaceutical companies with an easy, safe way to offer
free samples through physicians and increase their value to patients who benefit
through savings on prescriptions. In addition, the PPSI system provides
incentives for chain drug stores to stock the pharmaceutical products and for
pharmaceutical companies to keep their products on managed care formularies.
Pharmaceutical manufacturers spend over $16 billion a year for the marketing of
products. PPSI's strategy is to provide flexible sample programs supported by
technology to assist with distribution, dispensing, reporting, and clinical
integration that maximizes the intent of appropriate sample model for marketing.
4
Sales, Marketing and Distribution
Univec has entered into several agreements with large United States based
wholesalers for the support and expansion of distribution channels for
nationwide delivery of the Univec product line.
Univec also markets its StarterScript patient prescription sampling services to
pharmaceutical companies desiring to maintain or expand market position. The company
management believes that with the growth of third party payments of prescription drug
such as Medicare and managed care companies the direct to consumer programs will grow.
Univec also believes that with more branded pharmaceutical products coming off patent will
further enhance direct patient sampling or StarterScript programs as an offense to generic drug substitution.
Univec has registered trademarks UNIVEC(R), and Rx Ultra(R), Rx Plus, The
Univec Crest and the symbol representing no second use, (i.e., the number 2
crossed out inside of a circle), with the United States Patent and Trademark
Office.
IMO HRI is just letters used for PPSI so competition want know what's going on.
TOODLES
Services, Inc., (PPSI) a company engaged in group purchasing (GPO) and promoting
Pharmaceutical company prescription samples to physicians for their patients. PPSI
reduces the cost in the prescription-sampling channel by providing efficient
fulfillment and tracking of prescription usage. PPSI's national network of pharmacies
fills the sample prescription on a discounted fee and the Company's mail service
fulfillment complements additional needs. PPSI's approach conforms to regulations
requiring increased accountability and elimination of diversion of prescription
samples, consequently reducing the exposure of physicians and pharmaceutical companies
to potential liabilities and non-compliance penalties. PPSI’s group purchasing programs
provide for reduces prices on prescription drugs and other products through leveraged
purchasing and closed system market share. Univec also is a distributor of a highly
regulated pharmaceutical drug, methadone and other prescription drug products.
Univec during late 2004 established the company as a distributor of specialty and
highly regulated pharmaceutical products. The company intends to expand the product line
to take further advantage of its group purchasing and closed systems purchasing.
Univec extended its product line to include a highly regulated pharmaceutical (methadone)
and other pharmaceutical products. The company will continue to sell it products through
large United States based wholesalers as well as direct in large bulk to the larger
customers of the company. The company’s group purchase programs and closed market purchasing
positions the company’s product line well.
Marketing of Pharmaceutical Company Drug Samples to Physicians
PPSI patient StarterScript prescription drug program allows the physician to provide
to the patient a cost effective means to support medication management from
both a clinical and economic perspective. The patient sees if they may tolerate
the medication under both the physician and pharmacist oversight.
The PPSI online network provides better marketing and clinical integration
information than traditional systems, and enables pharmaceutical companies to
maintain market share when competing with generic drugs. The PPSI information
system includes detailed information such as the individual sales
representative, zip codes, DEA number, pharmacy and prescribing physician. The
PPSI system provides pharmaceutical companies with an easy, safe way to offer
free samples through physicians and increase their value to patients who benefit
through savings on prescriptions. In addition, the PPSI system provides
incentives for chain drug stores to stock the pharmaceutical products and for
pharmaceutical companies to keep their products on managed care formularies.
Pharmaceutical manufacturers spend over $16 billion a year for the marketing of
products. PPSI's strategy is to provide flexible sample programs supported by
technology to assist with distribution, dispensing, reporting, and clinical
integration that maximizes the intent of appropriate sample model for marketing.
4
Sales, Marketing and Distribution
Univec has entered into several agreements with large United States based
wholesalers for the support and expansion of distribution channels for
nationwide delivery of the Univec product line.
Univec also markets its StarterScript patient prescription sampling services to
pharmaceutical companies desiring to maintain or expand market position. The company
management believes that with the growth of third party payments of prescription drug
such as Medicare and managed care companies the direct to consumer programs will grow.
Univec also believes that with more branded pharmaceutical products coming off patent will
further enhance direct patient sampling or StarterScript programs as an offense to generic drug substitution.
Univec has registered trademarks UNIVEC(R), and Rx Ultra(R), Rx Plus, The
Univec Crest and the symbol representing no second use, (i.e., the number 2
crossed out inside of a circle), with the United States Patent and Trademark
Office.
IMO HRI is just letters used for PPSI so competition want know what's going on.
TOODLES
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