ALEXANDRIA, Va., June 13, 2001 (PRIMEZONE) -- ChainDrugStore.net today announced that CutisPharma, Inc., the company that provides pharmacists with Unit-of-Use (FIRST(tm)) Kits for their compounding needs, has joined the ChainDrugStore.net communications network.
ChainDrugStore.net is the new online communications network for the $400 billion retail pharmacy industry. More than 100 retailers representing more than $300 billion in annual sales in 26,900 stores have enrolled. CutisPharma joins a growing list of suppliers that includes 3M, Amgen, Bristol-Myers Squibb, GlaxoSmithKline, Procter & Gamble, Rexall Sundown, Roche and PureTek, that have signed on since December 2000.
"CutisPharma has developed pre-assembled reagents in innovative kit form for standardized compounding prescriptions that are most commonly prescribed by physicians," stated Dr. Indu A. Muni, Chairman and Chief Executive Officer. "Through joining the ChainDrugStore.net network, CutisPharma will be able to cost-effectively reach a wider audience within retail pharmacy regarding the benefits of Unit-of-Use (FIRST(tm)) Kits. Specifically, we want retail chains and pharmacists to know that FIRST(tm) Kits are easy to use, save time and provide for better third-party reimbursement -- a winning combination," added Dr. Muni.
"ChainDrugStore.net is the only online communications network developed exclusively by and for the retail pharmacy industry," said ChainDrugStore.net President and CEO Brad Mitchell. "That means CutisPharma can instantly reach our audience of decision makers within retail pharmacy with the message that FIRST(tm) Kits save time -- up to 75% for a single prescription -- that pharmacists can use to dispense additional prescriptions or spend on patient counseling," stated Mitchell.
For more information on CutisPharma and to learn how the Unit-of-Use (FIRST(tm)) Kits can save time and increase productivity, contact Dr. Indu A. Muni, Chairman and Chief Executive Officer, at (978) 867-1010, ext. 13.
For more information on how ChainDrugStore.net can help grow your business, contact Vice President of Customer Development Doug Cross at (703) 837-8323 or Dcross@chaindrugstore.net, or Vice President of Consulting Services Lee Rudibaugh at (703) 837-8324 or Lrudibaugh@chaindrugstore.net.
About ChainDrugStore.net
ChainDrugStore.net, based in Alexandria, Va., is the communications network designed exclusively for the $400 billion retail pharmacy. For suppliers, ChainDrugStore.net is a Web-based sales and marketing tool that reduces the cost of communicating with retailers. For retailers, it is an on-line category information productivity tool that leads to more effective merchandising decisions. ChainDrugStore.net is a wholly owned subsidiary of the National Association of Chain Drug Stores.
About CutisPharma, Inc.
CutisPharma's mission is to provide busy pharmacists with Unit-of-Use (FIRST(tm)) Kits for their compounding needs. CutisPharma's FIRST(tm) Kits include: 10% hydrocortisone in ultrasound gel; and 2% testosterone in white petrolatum, with additional products planned. CutisPharma recognizes that pharmaceutical compounding is an art and will remain so for years to come. CutisPharma does not intend to either replace or substitute the practice of compounding, but rather to provide pre-assembled reagents in kit form for certain standardized compounding prescriptions.
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CONTACT: ChainDrugStore.net
Rae Nelson
(703) 837-8333
Rnelson@chaindrugstore.net