The deal marks the dot-com's inroad into Texas, a PharmasMarket source tells GlobeSt.com.The site will be manned by UPS employees at the logistics fulfillment center. The state-of-the-art pharmaceutical-grade distribution center exceeds all FDA, DEA and PDMA regulations, according to the company.

"UPS Logistics is enabling us to revolutionize the pharmaceutical supply chain industry," says Jay Alperin, PharmasMarket CEO. The teaming of UPS Logistics' expertise in shipping and PharmasMarket.com's purchasing structures practically ensures efficient and timely shipping of prescription drugs in accordance with industry standards and FDA requirements. Alperin says the partnering will "eliminate the inefficiencies that currently exist in the pharmaceutical supply chain to create a more streamlined and profitable process for industry buyers and sellers."

The goal is to streamline the distribution process between pharmaceutical manufacturers and buyers of the $150 billion domestic supply chain industry. "We look forward to playing a key and integral role in the development of the technology that will impact the future of how pharmaceuticals are bought, sold and delivered," says John Sutthoff, UPS Logistics COO.

PharmasMarket.com is a B2B e-marketplace for distributors. Its Web-based operation has eliminated some of the unnecessary handling of drugs and increased flexibility of distribution.

PharmasMarket, founded in 1999, also maintains a customer care center in Phoenix. The North Andover, MA-based company employs 107 people. UPS Logistics Group is a subsidiary of United Parcel Service Inc., based in Atlanta.

Instant Insights /

UPS Logistics Steering 70,500-SF Distribution Site for PharmasMarket.com

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