Location: Glen Mills, PA
Chairman, President and CEO
Pentec Health, Inc. provides compounded sterile medications intended for patient administration. The company discovered and developed a compound by the name of Proplete in 2008. “This proprietary compound represents a breakthrough in the care of protein-malnourished dialysis patients,” says Joseph Cosgrove, Pentec’s chairman, president and CEO.
WORDS OF WISDOM: “Happiness is produced not so much by great pieces of good fortune that seldom happen, as by little advantages that occur every day.” – Benjamin Franklin
To develop its new compound, Pentec looked for input from the end users. “We went to the customers, the hospital pharmacies, and brought them on in an advisory capacity,” says Cosgrove. “We asked them, how can we be more relevant, what are your needs, what are the pain points in the process that you currently go through today? And we re-engineered our entire process based on that outward-looking feedback that we got from the customers.” As a result of Proplete and other innovations, such as the addition of specialized in-home care for patients with implanted intrathecal pumps, Pentec expects to create more than 350 new jobs.