American Pharmaceutical Partners Product Innovation: Announces Launch of Novel Devices to Minimize Medication Dispensing Errors.Business Editors, Health Writers ASHP ASHP American Society of Hospital Pharmacists. Booth No. 444 ATLANTA--(BUSINESS WIRE)--Dec. 9, 2002 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) ), a leader in the initiative to barcode at the unit-of-use level to reduce medication errors, today announced it will release two new devices, Steri-Tamp(TM), a true tamper-evident seal, and the Quali-Quick QC Tester, designed to further assist the hospital pharmacist to ensure the highest level of quality control. Steri-Tamp, an innovative and patented tamper-evident seal, and the Quali-Quick QC Tester, a device that will help allow the pharmacist to ensure quality control for bacterial contamination, were both designed by a pharmacist with the needs of the hospital pharmacy A hospital pharmacy is concerned with pharmacy service to all types of hospital and differs considerably from a community pharmacy. Some pharmacists in hospital pharmacies may have more complex clinical medication management issues whereas pharmacists in community in mind. Both devices are engineered for simple implementation, ultimately enhancing staff confidence that they are providing a safer hospital environment to the patient receiving injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. pharmaceutical products. "APP believes strongly in identifying challenges pharmacists and hospital professionals face in order to provide innovative solutions to help meet those challenges. In addition to reliably providing a wide range of generic injectable products with the highest standards of quality, APP recognizes the issues of medication errors and patient safety at the pharmacy level," said Patrick Soon-Shiong, M.D., chairman, president and chief executive officer. "In 2001, APP was the first company in the country to commit to barcoding its hospital injectable product line at the unit-of-use level to help hospitals in their efforts to reduce medication errors. The introduction of devices like Steri-Tamp and the Quali-Quick QC Tester are further efforts by our company to address the challenges hospital professionals face regarding dispensing errors and enhancing the quality of patient care." Steri-Tamp(TM), a next-generation tamper-evident seal, is used to cover drug containers such as vials, IV bottles, IV bags, and syringe covers. When applied, this patented seal technology creates an effective contamination barrier for parenteral parenteral /pa·ren·ter·al/ (pah-ren´ter-al) not through the alimentary canal, but rather by injection through some other route, as subcutaneous, intramuscular, etc. par·en·ter·al adj. 1. admixtures or other previously opened containers. Unlike alternative devices, once the seal is removed it cannot be reattached, and upon removal leaves a visible warning layer that can help guard against double dosing. In addition, Steri-Tamp maintains adhesion at temperatures ranging from ambient all the way through below the freezing point freezing point Temperature at which a liquid becomes a solid. When the pressure surrounding the liquid is increased, the freezing point is raised. The addition of some solids can lower the freezing point of a liquid, a principle used when salt is applied to melt ice on of most medications (-20 degrees C). The Quali-Quick QC Tester, an IV quality control device, is used to test for bacterial contamination of IV admixtures. The product has been designed as a one-piece, easy-to-use device that tests aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. technique for microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. analysis of prepared admixtures within the pharmacy. It captures and cultures microorganisms that may have been introduced into an admixture from contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. solutions, flawed techniques and/or environmental contaminants. Because it tests the entire sample and is filtered with a .22um filter, the Quali-Quick QC Tester may provide increased efficacy compared with other methods. In addition, the Quali-Quick Tester is significantly less expensive for the pharmacy than sending samples to the hospital microbiology lab, a commonly used quality control assay method. APP leads the pharmaceutical industry with its commitment to enhance patient safety and reduce 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. With more than 70% of APP's products now barcoded, 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 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 A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. . To make the implementation as seamless and cost-efficient as possible for its customers, APP uses 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. today--UPC. This symbology is the industry standard and therefore is compatible with virtually all barcode scanners currently on the market. 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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