New England Compounding Center

New England Compounding Center
Industry Pharmaceutical
Founded 1998
Headquarters Framingham, Massachusetts U.S.
Key people
 Gregory Conigliaro, owner and director
Barry Cadden, owner, president and head pharmacist[1][2]
Lisa Conigliaro Cadden, pharmacist and owner[3]
Douglas Conigliaro, anesthesiologist and president of Medical Sales Management
Carla Conigliaro, shareholder and director; wife of Douglas Conigliaro
Glenn Adam Chin, supervisory pharmacist[4]
Website neccrx.com

New England Compounding Center (NECC) is a compounding pharmacy founded in 1998. Based in Framingham, Massachusetts, NECC is a family-run business owned by Barry J. Cadden, his wife, Lisa Cadden (née Conigliaro) who is also a pharmacist,[5] and her brother Gregory Conigliaro.[6][7]

2012 meningitis outbreak scandal

The company became the center of a scandal resulting from a meningitis outbreak that started in May 21, 2012 and is linked to 64 deaths.[8] NECC recalled more than 2,000 products after distributing 17,000 vials of methylprednisolone for injection contaminated with fungi to 23 states.[9]

Food and Drug Administration (FDA) regulations dictate that compounding pharmacies like NECC combine, mix, or alter ingredients only to create specific drugs for individual patients. Massachusetts state regulators reported NECC was licensed only to prepare individual patient prescriptions. The company, however, shipped drugs to multiple states, and may have been operating outside of their legal boundaries, authorities said.[10] Doctors, hospitals, and clinics had turned to compounding pharmacies like NECC because they often charge much lower prices than the major manufacturers.[11]

On December 21, 2012, the company filed for Chapter 11 bankruptcy, listing less than $2.34 million in debts.[12] Following the bankruptcy, a Reuters investigation into financial filings revealed company payments exceeding $22 million to the top executives and private equity investors in 2012.[13]

Medical Sales Management provides sales and administrative services to New England Compounding Pharmacy. Doug Conigliaro is president of Medical Sales Management.[14]

The Conigliaro family also owns Ameridose, a pharmaceutical company.[15]

Further reading

References

  1. ↑ http://www.nytimes.com/2012/10/25/health/with-meningitis-outbreak-a-spotlight-on-family-behind-compounding-pharmacy.html?pagewanted=all&_r=1&
  2. ↑ Shira Schoenberg (December 17, 2014). "Fourteen arrested, including owners, for meningitis outbreak tied to New England Compounding Center". The Republican. Retrieved December 19, 2014. Those arrested include: Owner, president and head pharmacist Barry Cadden; owner and director Greg Conigliaro; national sales director Robert Ronzio; shareholder and director Carla Conigliaro; Conigliaro’s husband Doug Conigliaro, who was president of Medical Sales Management, which provided sales and administrative services to New England Compounding Pharmacy; Pharmacists Glenn Chin, Gene Svirskiy, Christopher Leary, Joseph Evanosky, Alla Stepanets, Kathy Chin and Michelle Thomas; Pharmacy technician Scott Connolly; and Pharmacy technician and later director of operations Sharon Carter.
  3. ↑ Laura Strickler (October 16, 2012). "Inside the New England Compounding Center". CBS News. Retrieved December 19, 2014. The New England Compounding Center is a family-owned and operated pharmacy based in Framingham, Mass. It is owned by Barry J. Cadden, his wife, Lisa Cadden and her brother Gregory Conigliaro, according to public records from the Secretary of Commonwealth.
  4. ↑ http://www.tennessean.com/story/news/health/2014/09/04/necc-sterility-pharmacist-arrested/15084545/
  5. ↑ Abby Goodnough, Sabrine Tavernise and Andrew Pollack (October 24, 2012). "Spotlight Put on Founders of Drug Firm in Outbreak". The New York Times. Retrieved December 19, 2014. Since the national outbreak began in September, most of the scrutiny has been focused on two founders of New England Compounding, Gregory Conigliaro, an entrepreneur who has run a major recycling operation for two decades, and Mr. Cadden, the pharmacist who married Mr. Conigliaro’s sister Lisa, also a pharmacist.
  6. ↑ cbsnews.com - Inside the New England Compounding Center, 2012-10-15
  7. ↑ New England Compounding Center paid owners more than $16 million last year
  8. ↑ Tim Ghianni (October 4, 2012). "Medication tied to rare meningitis outbreak may have reached 23 states". Reuters.
  9. ↑ Investors buying compounders: Drug shortages are persisting, leading to the deals, by Jaimy Lee, Modern Healthcare, January 13, 2013.
  10. ↑ Barry Cadden, Gregory Conigliaro, Of New England Compounding Center, Had Background In Recycling, by Jay Lindsay, Associated Press, October 13, 2012.
  11. ↑ "Scant Oversight of Drug Maker in Fatal Meningitis Outbreak", Denise Grady; Andrew Pollack; Sabrina Tavernisd, The New York Times, October 6, 2012
  12. ↑ "New England Compounding Center, Pharmacy Linked To Meningitis Outbreak, Files For Bankruptcy". The Huffington Post. December 21, 2012.
  13. ↑ Meningitis-linked pharmacy owners got millions: filing, by Tim McGlaughlin, Reuters, January 22, 2013.
  14. ↑ Shira Schoenberg (December 17, 2014). "Fourteen arrested, including owners, for meningitis outbreak tied to New England Compounding Center". The Republican. Retrieved December 19, 2014. Those arrested include: Owner, president and head pharmacist Barry Cadden; owner and director Greg Conigliaro; national sales director Robert Ronzio; shareholder and director Carla Conigliaro; Conigliaro’s husband Doug Conigliaro, who was president of Medical Sales Management, which provided sales and administrative services to New England Compounding Pharmacy; Pharmacists Glenn Chin, Gene Svirskiy, Christopher Leary, Joseph Evanosky, Alla Stepanets, Kathy Chin and Michelle Thomas; Pharmacy technician Scott Connolly; and Pharmacy technician and later director of operations Sharon Carter.
  15. ↑ Abby Goodnough, Sabrine Tavernise and Andrew Pollack (October 24, 2012). "Spotlight Put on Founders of Drug Firm in Outbreak". The New York Times. Retrieved December 19, 2014. And production at the family’s larger pharmaceutical company, Ameridose, has been suspended and is also being investigated.

Coordinates: 42°16′24″N 71°25′37″W / 42.27320°N 71.42708°W / 42.27320; -71.42708

This article is issued from Wikipedia - version of the 5/20/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.