1800Petmeds

1800Petmeds, often known simply as petmeds, is an online pet pharmacy offering prescription and non-prescription pet medications and other health products for dogs, cats and horses. Its parent company, PetMed Express, Inc., was founded in 1996 and is traded publicly (NASDAQ:PETS).

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Product lines

1800petmeds offers a selection of products for dogs, cats and horses, including both prescription and over-the-counter medications and animal foods. 1800petmeds sells its products primarily to retail customers, as well as its non-prescription medications to various businesses, including pet stores, groomers, and traditional retailers in the United States. It markets its products through the Internet, a toll-free telephone number, and through direct mail via the 1800PetMeds catalog and postcards.

In February 2006, the company began sponsorship of a new website called PetHealth101. PetHealth101 provides health information covering pet’s behavior and illnesses, and recommends natural and pharmaceutical remedies specifically for a pet’s problems.

Company News

1800PetMeds is a a publicly traded company, listed on the Nasdaq Stock Exchange under the ticker symbol PETS. The company was picked 4th among Forbes Magazine's 200 Best Small Business Companies in 2006 and number 6 in 2007. ^{[1] [2]} BusinessWeek named 1800PetMeds number 27 of theit top 100 "Hot Growth Companies" in 2006.^[3]

Company Officers

Headquartered in Pompano Beach, Florida, 1800PetMeds is led by Robert C. Schweitzer, Chairman of the Board; Menderes Akdag, President, Chief Executive Officer and Director and Bruce S. Rosenbloom, Chief Financial Officer.^[4]

Advertising

In January, 2007 petmeds.com began airing television commercials featuring Betty White because of her lifelong interest in animals. She serves on the Morris Animal Foundation, a national research oriented group dedicated to improving the health of companion animals. In addition, Betty White is the author of the book, Betty White's Pet Love - How Animals Take Care Of Us.

Controversies

In 1998, the Florida Pharmacy Board received several complaints against Petmeds alleging that the company had issued medications without a prescription from a veterinarian. The complaint was settled in 1999 with teh FPB requiring Petmeds to pay a small fine without admitting any wrongdoing.^[5] In 2001, Petmeds and the Environmental Protection Agency settled a "stop sales order" after Petmeds and sold flea control products that had been purchased outside of the United States and therefore gave their dosages in metric numbers. The maker of the misbranded product, Novartis, also sued Petmeds over the issue. ^[5]

In 2002, Petmeds was sued by the Texas State Board of Veterinary Medical Examiners for similar issues to the Florida case. ^[6]

In 2004, after the company went public, 6 securities lawsuites were brought against Petmeds by its shareholders, claiming that Petmeds had delayed disclosing past problems in order time to allow its executives, including founder Marc Puleo, to sell off their shares. ^[5]

References

PetHealth101