Spectrum Pharmacy Products, a leading global manufacturer and distributor of pharmaceutical compounding chemicals, equipment and supplies, announced its partnership with Independent Pharmacy Alliance (IPA), a trade group and retail pharmacy buying cooperative representing over 3,100 independent pharmacies in New Jersey, New York, Connecticut and Pennsylvania.
John Giampolo, IPA President and Executive Director, said, "Our partnership with Spectrum enables IPA's members to provide superior compounding services at a tremendous savings. As part of their renewed commitment to compounding, Spectrum has opened a state-of-the-art compounding education and training facility, the Spectrum Pharmacy Institute."
The agreement authorizes Spectrum Pharmacy Products to offer IPA members a comprehensive line of compounding ingredients, including more than 1,200 USP-NF-FCC chemicals, the broadest selection of monograph chemicals in the industry. Spectrum supplies more than 200,000 consumables and capital equipment used daily by compounders. The company has more than 45 in-house chemists, technicians and pharmacists to ensure safety, reliability, quality and leading customer service. Spectrum also offers formulation and technical support, plus education and training opportunities.
Craig A. Recatto, Ph.D., President of Spectrum Pharmacy Products, stated, "Independent pharmacies provide compounded medications in the communities they serve, giving access to patients that depend on personalized medicine for the highest quality care. Spectrum is committed to supporting these pharmacies by partnering with IPA to offer the largest selection of chemicals, related supplies and superior service to the membership. IPA members can also take full advantage of Spectrum Pharmacy Institute's continuing education courses, centrally located in New Brunswick, NJ."
About Independent Pharmacy Alliance
Independent Pharmacy Alliance, est. 1988, is a trade group and retail pharmacy buying cooperative representing over 3,100 independent pharmacies in New Jersey, New York, Connecticut and Pennsylvania. IPA represents its members for the purpose of combined purchasing to lower a pharmacy's "cost of goods and services" as well as to provide them with comprehensive legislative advocacy, third party resolution support and free continuing education. For more information, visit ipa-rx.org.
About Spectrum Pharmacy Products
Spectrum Pharmacy Products, a division of Spectrum Chemical Manufacturing Corporation, manufactures and distributes high-quality compounding chemicals, equipment and supplies. Spectrum has been serving compounders for more than 40 years with the industry's largest portfolio of USP/NF grade products and DEA Controlled Substances (Schedules I – V). The company's bicoastal cGMP facilities in New Jersey and California are FDA registered and inspected, with additional certification to the ISO 9001:2015 standard. This year Spectrum Pharmacy Products launched the Spectrum Pharmacy Institute, a 42,000-square foot pharmacy distribution, manufacturing, and compounding education facility located in New Brunswick, New Jersey. For more information, visit spectrumrx.com.
