New – California Designated Representative-Reverse Distributor License

California Designated Representative-Reverse Distributor License Created – New!

California Senate Bill – SB 752 (Chapter 598, Statutes of 2017, Stone) Designated Representative-Reverse Distributor has been “chaptered” by the Secretary of State (enacted October 8, 2017). It includes the creation of a designated representative-reverse distributor license. At a high level:

Section 4040.5 of the Business and Professions Code is amended to read:
4040.5. “Reverse distributor” means every person who acts as an agent for pharmacies, drug wholesalers, third-party logistics providers, manufacturers, and other entities by receiving, inventorying, warehousing, and managing the disposition of outdated or nonsaleable dangerous drugs or dangerous devices.

Section 4022.6 is added to the Business and Professions Code, to read:
4022.6. “Designated representative-reverse distributor” means an individual to whom a license has been granted pursuant to Section 4053.2, who is responsible for supervision over a licensed wholesaler that only acts as a reverse distributor. A pharmacist fulfilling the duties of Section 4053.2 shall not be required to obtain a license as a designated representative-reverse distributor.


Go to DREprof.com: The Designated Representative and Exemptee Training Website

AmerisourceBergen snaps up independent wholesaler H. D. Smith for $815M | FiercePharma

“In the face of a tough pricing market that has weighed on generic drugmakers and their distributors, wholesaling giant AmerisourceBergen has decided to go out and snarf up a bigger share. It will pay $815 million in cash for H. D. Smith, the largest independent drug distributor left in the U.S.”

Source: AmerisourceBergen snaps up independent wholesaler H. D. Smith for $815M | FiercePharma


Go to DREprof.com: The Designated Representative and Exemptee Training Website