Who owns pet meds

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Several employees, including Akdag, were ordered to complete training in pharmacy laws. Although criticized for being a second slap on the wrist, Florida's settlement was in some ways a benchmark because it set the stage for other states to take action against PetMed. The Missouri Board of Pharmacy put PetMed on probation in for violating six state statutes, including a law that required nonresident pharmacies to obtain an in-state license to sell prescription drugs in the state; the Board ruled that it could not use its alternative veterinarian program to fill prescriptions in the state.

This probation was eventually extended to In , Missouri issued a temporary restraining order against PetMed for not heeding its warning. Utah denied the company's application to renew its out-of-state mail-order license; although it renewed the license when PetMed objected. A survey by the American Animal Hospital Association found that a majority of pet owners said they would go to great lengths to improve the quality of their pet's life, even for a short period of time.

This figure represented a ninefold increase in sales in four years and 40 percent of the market for pet medications sold via mail or the Internet. Fifty-five percent of revenues came from repeat customers. In , BusinessWeek named PetMed to its annual list of Hot Growth Companies based on the previous three years' revenues and income. During this period, sales had increased In alone, sales increased 70 percent. However, brought six class-action securities lawsuits against PetMed. Shareholders sued, after the company's share price dropped about a third.

PetMed claimed that this drop was due to a decline in new customers after the company bought less television advertising time. Throughout all of its difficulties, PetMed insisted that it had reformed and was in complete compliance with all state and federal regulations.

Akdag voiced optimism about PetMed's future, stating in a South Florida Sun-Sentinel article that it was just a matter of time before consumers turned to discount companies, such as PetMed.

Even former detractors seemed willing to lend qualified support to the company. Toggle navigation. User Contributions:. Comment about this article, ask questions, or add new information about this topic: Name:. E-mail: Show my email publicly. Human Verification:. Public Comment: characters. Send comment. What's Covered:. We carry all major brand medications sold at your vet's office. As a licensed pharmacy, we only dispense U. We honor and exceed all manufacturers' guarantees.

They're made with the healthiest, natural ingredients which are independently tested by third parties to verify label claims. We look at the top brands and make them better. We test products and we strive to improve them. Unlike other retailers, we want to make sure that products work and are safe before we sell them.

We're constantly seeking feedback from our valued customers to improve products. Check our expert ratings and comparison charts to help you choose the best products for your pet. We have the largest number of veterinary pharmacists in the world.