New England Compounding Center Explained

New England Compounding Center
Foundation:1998
Industry:Pharmaceutical
Location: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]

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

Ameridose

Ameridose was established to be a large manufacturer of prescription medications for use in hospitals. The original location of the company's plant was in Framingham, Massachusetts next to its sister-companies New England Compounding Center and Medical Sales Management. In 2009, they started operations at a new location, 205 Flanders Road in nearby Westborough, to accommodate the steady growth of the company. Ameridose would eventually employ over 1000 people and report annual revenues of 300 million.

NECC 2012 outbreak

See main article: New England Compounding Center meningitis outbreak. The company became the center of a scandal resulting from a meningitis outbreak that started in September, 2012.[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]

External links

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Notes and References

  1. News: With Meningitis Outbreak, a Spotlight on Family Behind Compounding Pharmacy. Abby Goodnough, Sabrina. Tavernise. Andrew. Pollack. The New York Times . 24 October 2012. NYTimes.com.
  2. News: Shira Schoenberg . Fourteen arrested, including owners, for meningitis outbreak tied to New England Compounding Center. 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.. The Republican. December 17, 2014. December 19, 2014.
  3. News: Laura Strickler. Inside the New England Compounding Center. 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.. CBS News. October 16, 2012. December 19, 2014.
  4. Web site: NECC sterility pharmacist arrested. .
  5. News: Abby Goodnough, Sabrine Tavernise and Andrew Pollack. Spotlight Put on Founders of Drug Firm in Outbreak. 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.. The New York Times. October 24, 2012. December 19, 2014.
  6. http://www.cbsnews.com/8301-201_162-57532804/inside-the-new-england-compounding-center/ cbsnews.com - Inside the New England Compounding Center
  7. Web site: New England Compounding Center paid owners more than $16 million last year.
  8. Web site: Pharmacist at Center of 2012 Fungal Meningitis Outbreak Sentenced to 9 Years in Prison. Fisher Broyles LLP . 30 June 2017 . 28 July 2017. - Brian E. Dickerson, Anthony J. Calamunci, Nicole Hughes Waid, Amy L. Butler and Katy Wane.
  9. http://www.modernhealthcare.com/article/20130119/MAGAZINE/301199973 Investors buying compounders: Drug shortages are persisting, leading to the deals
  10. http://www.huffingtonpost.com/2012/10/15/mass-pharmacy-founder-ha_n_1963677.html Barry Cadden, Gregory Conigliaro, Of New England Compounding Center, Had Background In Recycling
  11. https://www.nytimes.com/2012/10/07/us/scant-drug-maker-oversight-in-meningitis-outbreak.html "Scant Oversight of Drug Maker in Fatal Meningitis Outbreak"
  12. Web site: New England Compounding Center, Pharmacy Linked To Meningitis Outbreak, Files For Bankruptcy. The Huffington Post. December 21, 2012.
  13. https://www.reuters.com/article/us-usa-health-meningitis-idUSBRE90L0GS20130122 Meningitis-linked pharmacy owners got millions: filing

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