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Rare disease pharmacy opening location in Collierville

Collierville
Pictured L-R: Mark Heuberger, Collierville Chamber of Commerce President, Gwyn Fisher, Greater Memphis Chamber Chief Economic Development Officer, Bill Dunavant III, Greater Memphis Chamber Board of Directors Executive Chair, David Loschinskey, PANTHERx® Chief Operating Officer, Stan Joyner, Town of Collierville Mayor, Richard Faris, PANTHERx® Chief Strategy and Growth Officer, Harold Collins, Shelby County Chief Administrative Officer, and Jamie Stitt, State Department of Economic and Community Development Assistant Commissioner of Business and Workforce Development

PANTHERx Rare Pharmacy,  a specialty pharmacy focused on rare and orphan diseases, is opening its first facility in the state of Tennessee in Collierville. The company will create 120 new jobs for skilled workforce and will provide wages well over the local median. The company plans to invest more than $4 million in the next two years. Founded in 2011 and based in Pittsburgh, PANTHERx Rare has experienced unprecedented growth in the last decade, growing to become the seventh largest specialty pharmacy in the U.S. A seven-time winner of the MMIT Patient Choice Award, PANTHERx Rare specializes in caring for people living with rare and devastating conditions. There are an estimated 7,000 rare diseases, but only 500 have an FDA-approved treatment. PANTHERx Rare projects that the company will dispense 600,000 prescriptions over the next five years at the Collierville location. The company will be moving into the former Pyramex building at 280 Moore Lane. The location provides over 30,000 square feet in warehousing and dispensing space, along with an 8,000 sq ft of built-in refrigerator/freezer space to house temperature-sensitive medications. 

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