H. D. Smith becomes primary supplier of pharmaceutical products for NAPPSA pharmacies

NAPPSA, a pharmacy buying group advancing the growing buying power of the Nigerian-owned independent retailers, today announced a new three-year prime vendor agreement with H. D. Smith, a leading national pharmaceutical wholesaler.

"This agreement, together with the programs and services available to our members through H. D. Smith, represents a significant accomplishment in the growth and identity of our organization," said Emmanuel Ezirim, owner of Central Point Pharmacy in Columbus, Ohio.  "In addition, the new prime vendor agreement will reduce the purchasing cost of our brand and generic pharmaceutical products, enabling us to compete with the large chains on a more level playing field."

"The decision to select a 'Primary Vendor' does not come lightly and demands close inspection of services, programs and reputation," said Dale Smith, chairman and chief executive officer, H. D. Smith.  "H. D. Smith strives continually to anticipate and meet the needs of independent retail pharmacies with a range of business solutions enabling retailers to adapt to the ever-changing marketplace.  We seek to enhance NAPPSA members' success."

Under the terms of the prime vendor agreement, H. D. Smith will become the primary supplier of pharmaceutical products for NAPPSA pharmacies, totaling more than 100 across the United States, beginning immediately, through June 30, 2013. "We are excited and proud of this accomplishment, and hope it is only the beginning of more to come. Since success breeds success, we anticipate more Nigerian-owned pharmacies to join or partner with NAPPSA," said Nnodum Iheme, president, NAPPSA.