Contigo Compounding and Infusion Pharmacy Plans Albuquerque, New Mexico, Production Complex
07/21/2021
The pharmacy is investing $1.3 million for plumbing, electrical HVAC, windows, doors, fixtures, retail space, and patient treatment rooms. The facility is expected to open by the end of July.
“These medications are highly specialized and very unique to the patients. If the doctors decide this is the best approach for the patients, we can now provide these services, like sterile compounding, right here in Albuquerque,” Pharmacist and co-owner Christopher Smith said.
Contigo Compounding was awarded a $150,000 grant from the Economic Development Department’s LEDA job-creation fund allows the owners to finish work and open faster with more patient options. The business has also received assistance through the Job Training Incentive Program (JTIP) to offset training costs for new employees.
“We’re not big pharma,” said David Newman, president of Contigo Compounding and Infusion Pharmacy. “The state grant is a really big deal for us. It allows the business to move forward quickly, with all the resources in hand, so we can hire employees and open with full operations.”
The expansion comes after Contigo owners saw the need for an independently-owned compounding pharmacy for sterile compounding services in Albuquerque, state officials said. Individualized compounding can help solve problems for patients that have personalized medications needs that cannot be met by a chain pharmacy. Customizations that patients and providers require include producing medication in a strength or dosage that is not commercially available, flavoring a medication to make it more palatable to a child or pet, reformulating a drug that contains a non-essential ingredient that causes an allergy for the patient, and changing the form of the drug for patient, such as a pill to a liquid, for a patient that cannot swallow.
“This is another great example of how the Economic Development Department continues to work with and help expand our local economic base businesses," Economic Development Department Cabinet Secretary Alicia J. Keyes said. "It’s these types of expansions that are the key to growing and diversifying New Mexico's economy.”
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024