PHARMAGEN, INC. (SNPK) - Description of business
Watch the video to learn about the probability of PHARMAGEN, INC. (SNPK) Chart Signal as of May 30, 2016
Sunpeaks Ventures, Inc ("Sunpeaks"), and wholly owned subsidiary Healthcare Distribution Specialists, LLC ("HDS"), is a nationally focused, value-added distributor of specialty drugs and over-the-counter ("OTC") branded multivitamins to the healthcare provider market. According to the Healthcare Distribution Management Association, about 85% of all prescription medications are sold through healthcare distributors in the United States, which amounts to $248 billion in revenue. Currently, HDS serves the secondary segment of the specialty drug market, estimated by management to be a $30 billion market segment. HDS currently functions as a just-in-time source of supply for hospitals for those products that are hard-to-find due to drug manufacturers' production shortages.