Author: wellspharmatx

5 Most Important Benefits Healthcare Providers receive by using a 503B Outsourcing Facility for Compounded Sterile Preparations (CSPs) Why would a hospital want to outsource CSPs? To answer this, one needs to understand how production has been handled in the past. Prior to 2013, hospitals and surgical centers either compounded…

The “Team Spotlight” series will allow you to meet one of Wells Pharma’s highly experienced experts. This professional/personal look will help you get to know who we are, and give an inside look at how our team members work to achieve our goal of becoming a market-leader in the 503B…

The “Team Spotlight” series will allow you to meet one of Wells Pharma’s highly experienced experts. This professional/personal look will help you get to know who we are, and give an inside look at how our team members work to achieve our goal of becoming a market leader in the…

As Wells Pharma approaches it’s one-year anniversary of commercial operations, I wanted to share a little about our future as an FDA-Registered 503B Outsourcing Facility.  First, we want to THANK our current and future customers who have supported our explosive growth!  I firmly believe that this is the direct result…

Wells Pharma produces commodity products, like all other players in the 503B industry.  A 5 mL syringe of 1mg/mL Neostigmine is exactly the same as that product from another outsourcer, and it is exactly the same as that product made in a hospital pharmacy.  There are no clinical advantages to…

All of the 503B’s tout their “reliability”, but they all have difficulty supplying all of their customers all of the time.  Several of our competitors have put customers on “allocation”, supplying only a fraction of the products that their customers order.  They have constant problems with backorders.  In some cases, they have “fired” their smaller customers…

There are many 503B outsourcers in the market. According to the FDA’s website, there are currently 70 registered 503B’s.  Many of these have very specific “niches” that they serve, many are CMO’s, and many are private-system outsourcers.  In the market that Wells Pharma is designed to serve, – acute care…

As a new company in a mature market (outsourced sterile drug preparations), Wells Pharma recognizes that we can’t just be “good”…we must be GREAT.  Our competition has name recognition, GPO agreements, large sales teams, and extensive marketing budgets.  However, one of the weaknesses of being big is that customer service…