MedVantx opens ‘end of runway pharmacy’ for UPS
20 / 03 / 2015
MedVantx is opening an “end of runway pharmacy” adjacent to the UPS worldwide air hub at Louisville, Kentucky.
The pharmaceutical supply chain specialist says that the facility will feature controlled substance storage and support the full range of temperature-sensitive products, while offering order cut-offs as late as 1am.
Robert Feeney, MedVantx’s chief executive, said: "By creating this new pharmacy solution and taking advantage of healthcare-specific services provided by UPS, we can develop new tools for manufacturers and providers to help them achieve their goals.”
He added: “The specialty pharmaceutical marketplace is expected to more than quadruple by 2020, reaching approximately $402 billion a year.
“The pharmaceutical industry is seeking new hub services and direct-to-patient platforms that can manage traditional prescription medications as well as the unique supply chain requirements of specialty products in a single integrated platform.”