Sharps to work with PharMerica in move to expand its MedSafe product
On January 14, 2022, Sharps announced that the company is working with pharmaceutical service provider PharMerica Corporation. The partnership will involve the two companies working together to help expand the company's MedSafe product in more facilities in the United States. MedSafe is a medical disposal product that is used in hospitals to take in unused medicines and controlled substances. This device has been used in compliance with DEA and EPA standards regarding medical waste. PharMerica has over 2,500 locations in the United States and this partnership will help Sharps grow its MedSafe service to these locations.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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