Provider of drugs to long-term care facilities and nursing
) recently reported that Hospice Pharmacia, an offering of
excelleRx Inc., an Omnicare Company, has teamed with Drug Buster.
Drug Buster is the provider of the Drug Disposal System. It
provides preferential pricing to hospices to facilitate their
drug disposal efforts.
The destruction of unused drugs is a major issue for the
hospice business. Hospice Pharmacia's decision to provide Drug
Buster's Drug Disposal System at a lower price to hospices
fulfills a critical need of the elderly.
Under the system, Drug Buster permits hospice employees to
help patients (with unused medicines) to destroy leftover drugs.
For this purpose, the unit has a liquid that destroys the drugs
in a closed vessel.
Based in Burlington, Wisconsin, Drug Buster is a part of C2R
Global Manufacturing Inc. The company makes drug production a
Hospice Pharmacia, an offering of excelleRx, an Omnicare Inc.
company, is determined to ensure the correct use of drugs by the
elderly. Hospice Pharmacia initiatives led to excelleRx to be
rated as the leader in managing late life drugs.
Omnicare is a market leading provider of long-term care
pharmacy services and health care environment for individuals
directly and indirectly, through subsidiaries, across North
America. Despite fluctuations, Omnicare has shown improvement in
margins, attributable to new generics introductions and cost
containment efforts. It competes with
) in certain niche segments.
Moreover, generic launches in the next few quarters present a
major opportunity due to Omnicare's direct access to
manufacturers and current greater exposure to the institutional
pharmacy channel than in the past couple of years. However, the
company continues to rely on Medicare and Medicaid programs for a
major share of its revenues.
The stock carries a Zacks Rank #2 (Buy).
) are Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks,
respectively, which are expected to do well.
COVANCE INC (CVD): Free Stock Analysis Report
CYBERONICS INC (CYBX): Free Stock Analysis
OMNICARE INC (OCR): Free Stock Analysis
PHARMERICA CORP (PMC): Free Stock Analysis
To read this article on Zacks.com click here.