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Praxsyn Corp. (PXYN)

Praxsyn Corp. focuses on providing custom compounded non-narcotic, transdermal topical pain medications to industrial health physicians and clinics. Currently, it formulates transdermal creams in its compounding pharmacy, Mesa Pharmacy. It has developed a series of topical ointments for pain relief. The company was formerly known as The PAWS Pet Company, Inc. It changed its name to Praxsyn Corp. in March of this year. NexGen Med Solutions, LLC is a wholly owned subsidiary of Praxsyn.

Praxsyn is working on establishing its Point of Care/In-Office Dispensing Program, and its’ In-Office Toxicology Testing. The company’s Point-Of-Care Services will provide the health care provider with pharmaceuticals and testing services, which are convenient and easy for physicians and staff. Its wholly-owned subsidiary, Mesa Pharmacy, Inc., provides doctors with an alternative to oral pain medications. Mesa Pharmacy focuses on providing custom compounded non-narcotic, transdermal topical pain medications. These are marketed to industrial health physicians and medical clinics.

Mesa Pharmacy has developed a series of topical creams, in different strengths. The transdermal creams are tailored to patients suffering from long-term pain associated with work place related injuries. Praxsyn, via subsidiary Mesa Pharmacy, provides a series of formulations that are compounded by using Food and Drug Administration (FDA) approved pain medications formulations to help patients suffering from pain associated with injuries. Through compounding, a patient can receive medication exactly formulated for his or her needs as well as medical history.

For the most part, prescriptions are compounded by a pharmacy in Praxsyn’s network, within 24 hours of receipt of the prescription. They are next shipped the following day air, directly to the patient.

Praxsyn’s NexGen Med Solutions is a billing and collections company. It recently established to enable Praxsyn to manage its accounts receivables in a more cost-effective and efficient manner. The anticipation is that the new subsidiary will provide an integrated alternative to previous billing and collections procedures.

Recently, Praxsyn, Mesa Pharmacy’s parent, announced that it has started to process PPO prescriptions. Mesa Pharmacy’s dedication is to providing medical practitioners with medications for patients via this move into the PPO network with its new and advanced products. Mesa has now expanded its innovative and non-addictive product line beyond topical creams to additionally include capsules, patches, as well as shampoos.

 

 

 

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