Pharmacy Acquired In January 2009 Projects Sales of $2 Million-Plus
LOS ANGELES, Calif. (March 3, 2010): The Apothecary Shops, which purchased, renovated and reopened the former Horton & Converse Pharmacy at 325 N. Larchmont Blvd. during the first quarter of 2009, expects to more than double sales in 2010 through
concentrated focus on specialty areas including HIV, compounding, fertility, pain, transplant and oncology.
Based in Phoenix, The Apothecary Shops is an independent chain of full-service pharmacies with specialties in veterinary medicine, infectious disease, oncology, ophthalmology, fertility, pain management, women’s health, transplant, compounding and sports health. The Los Angeles pharmacy is the company’s 16th location in Arizona, Utah, Nevada, New Mexico and Ohio and the only pharmacy in California.
After purchasing the 30-year old, 1,800-square-foot pharmacy in January 2009, The Apothecary Shops completed a comprehensive three-month renovation.
Under management by Pharmacy Director Raquel Dina, Pharm.D., one of six Apothecary Shops pharmacists certified by the American Academy of HIV Medicine (AAHIVM), the pharmacy recorded 2009 sales of $960,000. Projections for 2010 are for sales of $2.05 million. Dina previously served as Pharmacy Manager for the AIDS Healthcare Foundation in West Hollywood.
“The Los Angeles market is a critical component in our overall strategic growth plan,” said Keith Cook, president, The Apothecary Shops. “The needs of the region’s diverse population continue to grow for quality pharmaceuticals in a range of specialties. At the same time, we bring an added element of ongoing, 24-hour patient education to ensure that they understand the importance of maintaining their individual drug regimens. We also work very closely with individual physicians as part of the overall continuum of care.”
On January 1, The Apothecary Shops became a Tier 1 Specialty Provider of the cancer drug Nexavar® (sorafenib) by Bayer Healthcare Pharmaceuticals, Inc. Nexavar® is the first oral cancer therapy that inhibits both tumor and tumor blood vessel growth among patients with advanced kidney and liver cancers.
The Apothecary Shops is one of only 15 companies nationwide with a Tier 1 status through which Nexavar® is available. As a Tier 1 Specialty Provider, The Apothecary Shops also will capture ongoing data relating to patient adherence to the medication through a series of clinical measures including patient education and monitoring.
In addition, in 2009 The Apothecary Shops completed construction of a 5,000-square-foot clean room and expanded its state-of-the-art mail-order fulfillment center in Phoenix to 19,000-square-feet, allowing The Apothecary Shops to generate sales in all 50 states within the company’s specialty service areas.
The Apothecary Shops’ pharmacists are on call 24 hours a day, seven days a week. The toll free number is 877-LINKSRX (546-5779).
About The Apothecary Shops
The Apothecary Shops is one of the foremost chain of independent full-service pharmacies with specialties in veterinary medicine, infectious disease, oncology, ophthalmology, fertility, pain management, women’s health, transplant, compounding and sports health. A National Specialty Pharmacy, The Apothecary Shops has provided individualized care and support to patients since 1996. The clinical pharmacists and staff members are experts in managing complex disease states and providing compassionate care. The Apothecary Shops offer a nationwide specialty mail-order service to complement 16 physical practices. For more information, visit www.theapothecaryshop.com.