Letco Partners with ARL Bio Pharma for Quality Savings Program
Letco Med, L.L.C. Announces Partnership with ARL Bio Pharma to Launch Quality Savings Program for Compounding Pharmacists
January 29, 2018 11:30 AM Eastern Daylight Time
WAYNE, PA – Letco Medical, L.L.C. (“Letco Med”), a leading supplier of quality compounding products, supplies and equipment, together with ARL Bio Pharma (“ARL”), a leader in compounding quality testing services, announce the launch of their joint Quality Savings Program. This Program, the first of its kind in the compounding market, provides the ability for compounding pharmacies who utilize the combined services of ARL and Letco Med to reduce the cost of laboratory services by as much as 20%.
Letco Med Chief Sales and Marketing Officer, Gregory Lake, said, “Letco Med is excited to bring another innovative new program to the compounding marketplace that continues to enhance customer profitability and that partners with ARL, an industry leader, to provide best-in-class capabilities to our mutual customers.”
ARL Chief Executive Officer, Dr. Thomas C. Kupiec, said, “ARL’s partnership with Letco Med is an example of great collaboration resulting in a competitive cost advantage for compounding pharmacies. We are proud to announce the Quality Savings Program, leveraging cost savings for pharmacies based on Letco Med products and the services of ARL Bio Pharma.”
Letco Med’s customers may begin saving on laboratory service expenses by spending a minimum of $6,000 with Letco Med over a consecutive six-month period and continuing or beginning to utilize ARL for all their pharmacy testing needs. Off-invoice credits and rebates will be provided by Letco Med and ARL based on purchase volumes with both companies. Detailed information about the new Quality Savings Program may be found by visiting www.letcomed.com and/or www.arlok.com.
About Letco Medical, L.L.C.
Letco Medical, L.L.C. (“Letco Med”), a privately held company headquartered in Wayne, PA, is the supply partner of choice for profit-conscious compounding pharmacies everywhere. Letco Med has invested heavily in building a company that can serve the needs of compounding pharmacists today, tomorrow and into the future, with a full line of products and complementary programs and services. With a dedicated focus on the U.S. compounding market, Letco Med provides a wide and comprehensive portfolio of safe and consistent top-quality chemicals, compounding supplies and equipment at highly competitive prices. Letco Med’s product line includes chemicals covering a broad range of therapeutic categories, as well as supplies, equipment, capsules, pre-made topical bases and oral delivery vehicles. In addition, Letco Med carries a deep assortment of dosage forms and delivery systems.
Since its inception in 1993, Letco Med has earned and built a reputation as one of the most innovative companies in the compounding industry. Letco Med is focused on unwavering quality, exemplified by the company’s industry-leading quality assurance programs, stringent quality control procedures and an unmatched record with the FDA.
About ARL Bio Pharma
For 20 years, ARL Bio Pharma, a privately held company in Oklahoma City, OK, has provided analytical and microbiological testing for compounding pharmacies, outsourcing facilities, and health-system pharmacies. ARL combines exceptional science, customer service, and regulatory expertise to deliver high-quality results and scientific solutions helping pharmacies bring excellence to their patients. ARL is registered and inspected by the FDA, DEA licensed, and ISO 17025 accredited. Laboratory services routinely include: sterility, endotoxin, potency, and stability studies.