Two of the nation’s most-trusted animal-health compounding pharmacies, Wedgewood
Pharmacy (Swedesboro, New Jersey) and Diamondback
Drugs (Scottsdale, Arizona), have come together to increase the breadth of
medications available, to improve the speed of delivery to veterinary practices
and patients, and to evolve the service and quality available to the market
today.
As the top compounding pharmacy in the U.S., the new, combined company will
operate as Wedgewood Pharmacy, with two geographic centers of excellence that
offer extended customer-service hours and consistently faster delivery
nationwide. More than 500 employees will serve over 40,000 prescribers and
hundreds of thousands of animal-owners, with the most-comprehensive portfolio of
formulations and industry leading technology, to better help them care for the
unique needs of their animals. The integration of the two companies will build
on their shared histories of advocating for pet owners and caregivers to ensure
access to customized medications for pets, horses, and other animals when
commercially available drugs cannot meet their needs.
The combined organization will be led by Marcy A. Bliss, Wedgewood Pharmacy’s
President and CEO. Bliss said, “Combining our two pharmacies will provide more
capabilities and enhanced service for all of our customers. Our deep, combined
expertise in compounding medications, together with best-practice prescribing
tools, will enhance our customers’ experience of doing business with us. We look
forward to sharing new preparations, services and tools as they are rolled out.
During the process, our integrated pharmacist, customer care, and sales teams
will allow us to stay connected with the unique needs of each veterinarian and
patient we serve.”
Fabian McCarthy, President and CEO of Diamondback Drugs, added, “Our two
organizations have a great deal in common, both historically and in serving the
unique needs of veterinary medicine today. We both have service- and
quality-focused cultures that deliver the best in customer care. That will only
get better as we join together to move forward.”
Compounding pharmacies make customized medications for pets, horses, and
other animal species when commercially available drugs cannot meet their needs.
Compounded medications are created and prepared by specially trained veterinary
pharmacists and pharmacy technicians in state-of-the-art, accredited facilities.
These medications are prescribed and dispensed under orders written by
veterinarians. The use of compounded medications in veterinary practices is
vital and widespread. Virtually every veterinarian depends on rapid access to
these specialized medications.
About Wedgewood Pharmacy
In its 37 years, Wedgewood Pharmacy has grown from a local community pharmacy
to become the largest animal-health compounding pharmacy in the United States.
George (late) and Lucy Malmberg, both pharmacists, purchased Wedgewood Pharmacy
in 1981; the pharmacy was founded in 1980. In June 2016, Chicago-based New
Harbor Capital made a majority equity investment in Wedgewood Pharmacy. In July
2018, Wedgewood Pharmacy acquired Diamondback Drugs, which was founded in 2002
in Scottsdale, AZ.
Wedgewood Pharmacy and Diamondback Drugs are accredited by the Pharmacy
Compounding Accreditation Board (PCAB®) for compliance with PCAB
pharmacy-compounding accreditation standards. PCAB was formed by eight of the
nation’s leading pharmacy associations and is a service of Accreditation
Commission for Health Care (ACHC). As a third-party accreditation organization,
PCAB has developed the highest national standards against which providers are
measured to illustrate their ability to effectively and efficiently deliver
quality compounded-medications to veterinarians and consumers.