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Medications Prepared By Compounding Pharmacies are Often Less Expensive Than Mass Produced Drugs
Mass production versus small businesses – usually one expects products that are mass produced to come at a discount. In fact, this is one of the enduring tenets of modern manufacturing. While this is true for most industries, it has definitely not been the case when it comes to medications. Fortunately, consumers do have a choice between mass produced drugs produced by big pharmaceuticals, and those sold by local compounding pharmacies.
Medicine is big business, and even though the actual ingredients used in some cost mere pennies per dose, the reality is that major drug companies have enormous overhead – such as salaries, marketing, packaging, and plant maintenance – to consider when it comes to pricing products. In addition, they must answer to stock holders and show ever increasing profit margins to drive their stock prices. So, mass produced meds are expensive, and the consumer must pay the price. This goes, unfortunately, for both prescription, and most especially, for over the counter (OTC) medications.
Compounding pharmacies are usually small, local businesses that create medications for individuals based on a doctor’s prescription. In existence long before mass produced medications appeared on the market, their primary focus has always been on personalized prescriptions that suit each individuals needs. In addition to filling doctors’ prescriptions, they are also able to provide multiple different delivery methods for drugs, such as creating syrups for patients who have trouble swallowing pills (very common in young children), and formulations of common medicines that leave out some additives that cause allergic reactions for some patients. A compounding pharmacy works with doctors as well as veterinarians, and can offers drugs to treat multiple illnesses ranging from pain management to podiatry, hormonal imbalances, pediatrics and veterinary care.
With no major stockholders watching profit margins, these specialty pharmacies need to rely heavily on recommendations and word of mouth to keep the doors open, so the savings over conventional and/or over the counter (OTC) medications can sometimes be quite significant. For the most part, the overhead of compounding pharmacies is much lower than that of their large competitors, and they are able to pass these savings on to consumers. For those who have concerns regarding safety, these are unwarranted. These specialty pharmacies are highly regulated, regularly inspected for safe practices, and medications are prepared in sterile environments when indicated. (It is however important to note that not all active ingredients are inexpensive, so it is unwarranted to expect these small pharmacies to beat pricing on everything they offer.) It is also important to note what compounding pharmacies do not offer – most specifically the disturbingly prevalent malfeasance that has been all too common among the powerful drug companies. In recent years, several of these big name companies have been the subject of fines assessed by regulators, and lawsuits arising from negligence, failure to disclose, lack of proper cleanliness and sanitation at the plants; and last but certainly not least, for preparing and distributing drugs that lacked the main active ingredient. Penalties for infractions have cost big manufacturers hundreds of millions of dollars – perhaps another reason why the meds they prepare are so expensive.
Customers of compounding pharmacies, on the other hand, can count on medications that are specially made to order for them in a sterile onsite lab, and of course, at the correct dosage. In addition, those who utilize these services will find the friendliness and care that can only come from a locally owned and operated business.
If you are seeking pain management medications in North Hollywood author Stephen Daniels highly recommends you look into the services offered by Advanced Compounding Pharmacy. Their very qualified and licensed staff works with your doctor or naturopath to find the best solutions for all your unique medical needs.
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Well for better or for worse..At least we don't have to have the when is the late 10q conversation for awhile.
I am regretting not buying more @ .6 and selling @ .9 but that is just spilt milk now.
I bought a few today so its not my fault the price is down.
hahahaha good one Nomad. I bet the Pet Airlines had plenty of it.
I just hope it doesn't end up being POOP
That is what she said.
Well geeze, at least you would think they would have the decency to come in and gloat. lol
Hard to believe it was just over a week ago we were talking about the "wall" @ 0620. In hind sight I bet we all wish we would have kicked that door down. I hope soon we are looking back @ 0.09 and saying the same thing.
Did everyone have to leave the room while they sprayed for ants?
Mo, for weeks we have all been like little kids waiting for Christmas morning to open our presents. (fins dropping) So bad news is the last thing anyone wanted to see. Don't take it personal as it was a matter of shooting the messenger. Really great bunch of guys in here for the most part.
I don't like bad news either but I would be a damn fool to ignore it. I just want to thank you for posting the article because in the market there is certainly no advantage to being the last to know something.
Imagine if we viewed everything in the real world as we do on a message board.
Your wife says "Honey the yard needs mowed" you think she is a basher and trying to get you to go out in the yard so she can sneak her boyfriend in the back door.
You just finish buying groceries and the check out boy says "Have a nice day" and you are thinking That pumper I wonder what the hell he wants from me?
Mo if you are a basher just here to steal shares... I have to give you credit you are the best basher I ever saw. Most don't show up with an AP article. They usually just run around the board saying "the sky is falling the sky is falling" Not selling but certainly taking that seriously.
I don't feel like the sky is falling. But I do have a concern that I didn't have when I woke up today.
The threat isn't from the past the threat is going forward. I am expecting the numbers now to come out great. They said the coverage change isn't effective until Sept. 15. I want this to go up as much as you do but I just don't want to march forward only wearing rose colored glasses and throwing caution to the wind.
I still don't see this as a positive. The carriers are the ones that pay for the meds. They would have you rubbing on cat manure for pain if they could get away with it. I am sure compounds wont go away but I bet margins will shrink.
Reminds me of a trip to the zoo once where all the monkeys were throwing poop.
Raza and Moangler sound like an old married couple. Hands both a pale and shovel. Now play nice.
The one time I leave today it dips down and I didn't get to buy any. That will teach me not to put in an order before I go.
I like your post doc. It reminds me of being at the beach and the airplane is towing a banner. Draw em in buddy.
you still a buyer doc? or are you waiting on a double so you can de risk?
I feel better about buying some on Friday 3o seconds before the bell. Looking back after it goes up always makes you wish you had jumped in harder. Oh well if this was easy girl scouts would all be driving around in new cars.
It appears we have no shortage of sellers. At least we are getting some volume.
Any way you slice it was a much more fun week with this stock then it has been the past few weeks. I kept some buying in reserve so if something ugly does rear its head I can still get more. if not I have enough shares to enjoy the ride if it takes off. Good position to be in. Have a great weekend everyone.
That is why I jumped in at the end...just incase
I couldn't stand it I bought 10k 30 seconds before the bell...just in case the 10q comes out before Monday.
Oh sounds like one of those pesky penny flippers.
Looks like 0.072 is the new 0.062 lol
I am looking at 20-70k more then will be done.
Nomad, If you are heading down the West coast of Florida towards Miami on 75 you will pass within about 100 yards of my house in Naples.
At least you have an excuse. I have been buying every time it breaks .06. I have the dry powder. so far I was able to get all except the first 20k shares I have for under .06.
Would be easier if I knew when the 10q came out so I know how much time I have to play cat and mouse. It feels like I am running out of time.. but that is ok. I know all of us want to get this show on the road.
(hangs head) me= One of the people wanting to buy cheap shares.
You forgot symbol change.
Please keep the factoring conversation going...It seems to work great for the share price. lol
I agree, no one could be in business giving that much away.
Looks like my 0.06 isn't going to fill today. That is ok. I have over 80% of the shares I was going to buy anyway. Nice to see the 0.62 barrier broken
You will get your chance.
Took until the end of the day but I got my order filled.
(hands rifmemory a Viking hat to wear while singing the J D Wentworth song)
Nomad, Cut him some slack...after all he WAS just hit in the head with a Pine Cone this morning. lol