First Veterinary Medications Database Announced

First Databank, Inc and PetIQ are partnering to provide the veterinary industry’s first drug database.
 
Amanda Carrozza
Published: October 25, 2018
First Databank, Inc. (FDB), a widely used drug database across the human healthcare spectrum, and PetIQ, Inc., a pet medication and wellness company, announced earlier this month they would be partnering to release the veterinary industry’s first drug database of medications for a variety of animal species.

According to the companies’ joint press release, the veterinary database will be the first of its kind to deliver codified, up-to-date information on pet medications and will be structured for easy integration into existing pharmacy systems to support pet medication commerce and drug dispensing. Once operational, the database will be consistent in structure with the FDB MedKnowledge solution, which is already commonly used throughout the retail, pharmacy benefit managers, and mail order pharmacy channels.

“We have long felt that professionals dispensing veterinary medications would desire similar capabilities as provided by FDB for human medication information,” said Chuck Tuchinda, MD, executive vice president for Hearst Health and president of FDB. “FDB can apply our decades of experience in curating and distributing electronic information for human medications to the veterinary market, which will ultimately improve medication safety and care, while also empowering the retail channel to provide consumers with more choice on where they get their pet medications.”

RELATED: According to the Federal Trade Commission, most pet owners still obtain prescription and over-the-counter medications from their veterinarians. However, the number of retail pharmacies, online pharmacies, and other retail outlets dispensing veterinary prescriptions has drastically increased over the last decade. In fact, consumer spending on pet medications doubled over the past 12 years to $8.6 billion by the end of 2017. The 2 companies believe the evolving supply chain has created opportunities for pharmacies to play a key role in prescription dispensing.

For its part, PetIQ will serve as the database’s first customer, supplying its complete complement of the pet medications to support development. PetIQ plans to deploy the veterinary pet medication database in support of its network of national retail stores in wholesale, club, grocery, pharmacy, and e-commerce channels.

“We are thrilled with our joint effort with FDB to bring such a powerful tool to support the explosive growth of veterinarian prescriptions dispensed through retail pharmacies,” Adam Fellers, senior vice president, sales for PetIQ, said. “The partnership between our 2 companies has made this exciting project come to fruition and we are extremely excited to see the responsibility, comfort, and compliance it will bring to our retail pharmacy customers.”

An anticipated release date for the veterinary database has not been confirmed.
 

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