|CVS/pharmacy's Indiana Distribution Center Is First Facility in Retail Pharmacy Industry to Receive Verified Accreditation for Wholesale Distributors from the National Association of Boards of Pharmacy|
|Accreditation is designed to preserve the safety and integrity of pharmaceutical supply chain|
Feb 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- CVS/pharmacy, America's largest retail pharmacy, announced today that its Indianapolis, Indiana Distribution Center has received Verified-Accredited Wholesale Distributors (VAWD) accreditation from the National Association of Boards of Pharmacy (NABP). The VAWD program is designed to preserve the safety and integrity of the pharmaceutical supply chain by providing assurances that wholesale distribution facilities operate legitimately, and employ appropriate security and best practices for the distribution of prescription drugs. CVS/pharmacy is the first retail pharmacy in the nation to receive this accreditation for one of its distribution facilities.
"The VAWD program was established by NABP to help protect the public from the threat of counterfeit drugs in the U.S. drug supply. Applicants undergo a thorough criteria compliance review, licensure verification, employee background checks, screening through the NABP Clearinghouse and a comprehensive on-site inspection conducted by NABP experts," said NABP's President, Dennis K. McAllister. "NABP commends CVS/pharmacy for taking a leadership position regarding this important public health issue. It is with great pleasure that we grant VAWD accreditation to its Indiana Distribution Center."
"We are pleased to be the first retail pharmacy in the nation to receive VAWD accreditation from the National Association of Boards of Pharmacy," said Matt Leonard, Senior Vice President of Pharmacy at CVS/pharmacy. "We view this accreditation as a reliable and practical means of preserving the safety and integrity of the pharmaceutical supply chain. We engaged in this process as a way to further our commitment toward safeguarding the health and safety of our patients."
"In May of 2005, we announced a new wholesaler certification process. That measure, in conjunction with today's announcement, clearly indicates our commitment to ensure the continued integrity of the pharmaceutical supply chain. CVS/pharmacy is proud to receive the VAWD accreditation, and we appreciate NABP's commitment to this important issue," Leonard added.
CVS Corporation (NYSE: CVS) is America's largest retail pharmacy, operating more than 5,400 retail and specialty pharmacy stores in 37 states and the District of Columbia. With more than 40 years of dynamic growth in the retail pharmacy industry, CVS is committed to being the easiest pharmacy retailer for customers to use. CVS has created innovative approaches to serve the healthcare needs of all customers through its CVS/pharmacy stores; its online pharmacy, CVS.com; and its pharmacy benefit management, mail order and specialty pharmacy subsidiary, PharmaCare. General information about CVS is available through the Investor Relations portion of the Company's website, at
http://investor.CVS.com, as well as through the pressroom portion of the Company's website, at http://www.cvs.com/pressroom.
NABP is the independent, international, and impartial Association that assists its member boards and jurisdictions in developing, implementing, and enforcing uniform standards for the purpose of protecting the public health.
For more information about NABP or NABP's VAWD program, visit NABP's Web
site at http://www.nabp.net.