Patterson Companies Launches DentalSupplyIntegrity.com
February 26 2015 - 4:21PM
Business Wire
Educational campaign aims to protect dental
customers and their patients
As an industry leader in supply chain integrity, Patterson
Companies, Inc. (Nasdaq: PDCO) today announced that its Patterson
Dental business is launching an educational campaign, highlighted
by its new website located at www.DentalSupplyIntegrity.com, to
help protect dentists and their patients from purchasing or using
potentially unsafe gray market dental products. Patterson’s
initiative is being introduced at the Chicago Dental Society’s
Midwinter Meeting, held in Chicago on February 26-28, 2015, booth
#1025.
“Given the potential for dentists to unknowingly purchase
counterfeit or dangerous products, we believe that it is important
to raise awareness of this issue,” said Paul Guggenheim, President
of Patterson Dental. “Dentists cannot be confident that products
purchased through the gray market are genuine, safe or that they
have been handled appropriately. By purchasing deeply discounted
gray market products, we believe that dentists are exposing
themselves and their patients to unnecessary risks.”
DentalSupplyIntegrity.com users will find informational
resources about the gray market, including how to identify these
products and potential industry solutions to the problem. Included
on the website are, among other items, a video, infographic, FAQ
and a white paper on the topic.
In addition to improving industry awareness, Patterson is
working diligently to assure that products distributed through
Patterson Dental are sourced directly from the manufacturer – and
not through unintended distribution channels carrying deeply
discounted gray market products. These channels are frequently the
same as those carrying counterfeit or other illegal black market
products.
Added Guggenheim: “Patterson Dental is committed to the highest
supply chain integrity. We hope to work more closely with the
dental industry to develop consistent, industry-wide safeguards and
protections.”
According to the U.S. Food and Drug Administration, the term
“gray market” generally refers to products that are sold outside
the established distribution chain, typically at a deeply
discounted price (e.g., products intended to be sold abroad, but
instead imported and sold in the U.S.). Such products may or may
not satisfy FDA-related requirements, or other applicable laws and
regulations. A significant concern is that products available on
the gray market are often indistinguishable from defective or
illegal counterfeit “black market” products that travel through
those same distribution channels.
About Patterson Companies, Inc.Patterson Companies, Inc.
is a value-added distributor serving the dental, companion-pet
veterinarian and rehabilitation supply markets.Dental MarketAs Patterson’s largest business,
Patterson Dental provides a virtually complete range of consumable
dental products, equipment and software, turnkey digital solutions
and value-added services to dentists and dental laboratories
throughout North America.Veterinary
MarketPatterson Veterinary is a leading distributor in the
U.S. and U.K. of consumable veterinary supplies, equipment and
software, diagnostic products, vaccines and pharmaceuticals
predominantly to companion-pet veterinary clinics.Rehabilitation MarketPatterson Medical is the
world’s leading distributor of rehabilitation supplies and
non-wheelchair assistive patient products to the physical and
occupational therapy markets. The unit’s global customer base
includes hospitals, long-term care facilities, clinics and
dealers.
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are information of a non-historical
nature and are subject to risks and uncertainties that are beyond
the Company’s ability to control. Forward-looking statements also
include those preceded or followed by the words "anticipates,"
"believes," "could," "estimates," "expects," "intends," "may,"
"plans," “projects,” “should,” "targets" and/or similar
expressions. These forward-looking statements are based on the
Company’s current estimates and assumptions and, as such, involve
uncertainty and risk. Forward-looking statements are not guarantees
of future performance, and actual results may differ materially
from those contemplated by the forward-looking statements because
of a number of factors, including the factors described in Item 1A
of the Company’s most recent Annual Report on Form 10-K, which
factors are incorporated herein by reference. Any forward-looking
statement in this release speaks only as of the date in which it is
made. Except to the extent required under the federal securities
laws, the Company does not intend to update or revise the
forward-looking statements.
Patterson Companies, Inc.Ann B. Gugino, 651-686-1600Vice
President & CFOorTammy Love, 651-686-1921Corporate
Communications/PR Specialist
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