U.S. COMPOUNDING PHARMACIES MARKET ANALYSIS

U.S. Compounding Pharmacies Market, By Therapeutic Area (Hormone Replacement Therapy, Pain Management, Specialty Drugs, Nutritional Supplements, and Others), By Route of Administration (Oral, Parenteral, and Others), By Application (Humans and Veterinary)

In November 2023, Precision Compounding Pharmacy, a technology-enabled compounding pharmacy that fulfills telemedicine prescriptions, announced that it had received a seed investment from Right Side Capital Management, a technology startup investment firm. The funds will allow Precision Compounding Pharmacy to enhance its suite of services, broaden its reach, and drive innovation in the pharmacy industry.
In April 2021, National Association of Boards of Pharmacy (NABP), and the U.S. Food and Drug Administration collaborated together to improve the oversight of compounding pharmacies through the implementation of the Memorandum of Understanding Addressing Certain Distributions of Compounded Human Drug Products (MOU)