American Pharmaceutical Partners Leads Industry With Patient Safety-Enhancement Commitment To Barcoding.Business Editors, Health Writers ASHP ASHP American Society of Hospital Pharmacists. booth no. 444 ATLANTA--(BUSINESS WIRE)--Dec. 6, 2002 - APP To Complete Barcoding Initiative by Manufacturing Its Hospital Injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. Lines With Individual-Unit-Of-Use Barcodes Beginning January 1, 2003 - American Pharmaceutical Partners, Inc. (APP) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : APPX APPX Appendix APPX Application eXcellence (4GL software development tool) ), led the pharmaceutical industry with its commitment to enhancing patient safety and reducing medication errors in hospitals by being the first company to apply barcodes at the unit-of-use level to all new injectable products launched in 2001, including the smallest 2mL vials. APP continued this patient quality enhancement effort throughout 2002. With 70% of APP's products already barcoded, APP now reaffirms its commitment to complete this initiative. The company expects to be manufacturing the remaining hospital injectables with barcodes by January 1, 2003. This goal significantly exceeds the requirements and expectations of both the U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) and Group Purchasing Organizations (GPO's). Earlier this year, the FDA proposed a ruling to mandate barcode labeling on all human drug products (including biological) and medical devices to significantly help reduce the risks associated with the most common types of medication errors - the wrong medication Issuing of wrong medication is one of the major problems related to healthcare. It is the relatively high number of errors in the prescription of medication that occur. Errors with medication can occur in the doctor's office, at the pharmacy, in hospitals and even due to the being administered, it being administered at the wrong time or it being skipped altogether. "The majority of drugs administered in hospitals are by injection, and as one of the largest producers of injectable therapeutics in the U.S., we feel it is imperative that we do our part to help address the issue of improving patient safety," said Patrick Soon-Shiong, M.D., chairman, president and chief executive officer. "We have committed to GPO's and hospitals alike to have our barcoding initiative completed by January 1, 2003." "American Pharmaceutical Partners' reaffirmation of its commitment to patient safety by barcoding its entire injectable line is an important victory for hospitals undertaking point-of-care barcoding initiatives," said Michael R. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , president of the Institute for Safe Medication Practices. Establishing a system-wide barcoding initiative within a healthcare facility is a huge undertaking that requires the commitment of already scarce monetary and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . To make the implementation as seamless and cost-efficient as possible for its customers, two years ago APP decided to begin incorporating barcodes on drug vials at the individual unit-of-use level with the most common symbology sym·bol·o·gy n. 1. The study or interpretation of symbols or symbolism. 2. The use of symbols. symbology 1. the study and interpretation of symbols. Also called symbolism. used today--UPC. This symbology, used in every industry from grocery stores to consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and since the 1970's, is the industry standard and therefore is compatible with virtually all barcode scanners currently on the market. One institution, Carilion Health System Carilion Health System is a large, Roanoke, Virginia-based non-profit health care system. Carilion owns and operates eight hospitals in the western part of Virginia. The company also operates primary care clinics, residency and fellowship programs, laboratories, health clubs, an , a not-for-profit hospital system that serves approximately one million people in West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , has already begun barcoding all products within one of its cardiac units in November of 2001. For all products that come in without a barcode, one has to be created on site. With APP's products already barcoded at the unit-of-use level, it is saving Carilion significant time. "Our experience with barcoding has demonstrated many advantages, the most important being improved patient safety," said Carilion spokesperson Eric Earnhart. "Our wireless system has also improved staff efficiency and effectiveness by eliminating paperwork and allowing nurses to spend more time at the bedside." In its continued commitment to the industry-wide initiative to enhance patient safety and help reduce medication errors, APP will also introduce two new devices, Steri-Tamp (TM) (a true tamper evident seal) and the Quali-Quick QC Tester (a quality control device that tests for bacterial contamination in the pharmacy). About American Pharmaceutical Partners, Inc. American Pharmaceutical Partners, Inc. (APP) is a specialty drug company that develops, manufactures and markets injectable pharmaceutical products, focusing on the oncology, anti-infective and critical care markets. The company is one of the largest producers of injectables, with more than 120 generic products in more than 350 dosages and formulations. Additionally, APP has acquired the exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rights to manufacture and market a proprietary injectable oncology product, currently in advanced clinical trials and being studied in a variety of cancers. For more information, visit APP's Web site at www.appdrugs.com. Statements contained in this press release, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements, whether expressed or implied, are subject to risks and uncertainties that can cause actual results to differ materially from those currently anticipated, due to a number of factors, which include, but are not limited to, the impact of pharmaceutical industry regulation, the difficulty in predicting the timing or outcome of product development efforts and FDA or other regulatory approvals or actions, the impact of competitive products and pricing, the availability and pricing of ingredients used in the manufacture of pharmaceutical products, the ability to successfully manufacture products in a time-sensitive and cost effective manner, the acceptance and demand of new pharmaceutical products, the impact of patents and other proprietary rights held by competitors and other third parties, and other risk factors discussed in the Company's Form 10K dated December 31, 2001 and documents filed by the Company with the Securities and Exchange Commission from time to time. |
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