NCPA Announces Finalists for 2007 Pruitt-Schutte Student Business Plan
Alexandria, Va. (July 19, 2007) -- Teams of pharmacy students from three universities were named finalists in the National Community Pharmacists Association's (NCPA) Pruitt-Schutte Student Business Plan Competition July 15 at the American Association of Colleges of Pharmacy (AACP) annual meeting in Orlando, Fla. The finalists include: University at Buffalo, University of Washington, and Washington State University.
"The Pruitt-Schutte Student Business Plan Competition provides a tremendous learning opportunity for pharmacy students to get hands-on experience in creating solid business plans in today's extremely difficult reimbursement environment for prescription drugs," said NCPA Executive Vice President and CEO Bruce Roberts, RPh. "By giving these students the chance to develop and implement their business models and receive valuable feedback from pharmacy professionals, NCPA is able to better prepare tomorrow's pharmacy entrepreneurs for a successful future. Since the contest's inception a few short years ago, several participants have gone on to successfully utilize these plans after graduating from pharmacy school."
This is the fourth year the competition has been held. This year's competition drew entries from 32 schools and colleges of pharmacy. The national student competition is the first national competition of its kind in the pharmacy profession and is named to honor two champions of independent pharmacy, the late Neil Pruitt, Sr., and H. Joseph Schutte. The competition is supported by the Pruitt and Schutte families, the NCPA Foundation, and Mallinckrodt Pharmaceuticals.
Judges for this year's competition were: John Tilley, RPh, NCPA President, Zweber Apothecary; Gerald Shapiro, PD, Upton Drug & Gift Shoppe; Dirk White, RPh, White's Pharmacy; Richard Fatheree, Ironstone Bank; Dirk Hartig, RPh, Hartig Drug Corporate; Susan and John Sutter, RPh, Marshland Pharmacy; Brad Arthur, RPh, BlackRock Pharmacy; Theresa Wells-Tolle, RPh, Bay Street Pharmacy; Glenn Eldridge, RPh, Grandview Healthcare; Donald Moore, RPh, Moore Drugs; Dave Creecy, RPh, Poquoson Pharmacy; and Hamid Mohaghegh, RPh, Family Pharmacy Inc.
Team members and the advisor for the three finalists will receive complimentary registration, travel, and lodging to NCPA's 109th Annual Convention and Trade Exposition in Anaheim, Calif., October 13-17, where they will compete live. After the live presentations have been evaluated and scored, the following awards will be presented:
First Place--$3,000 to the NCPA student chapter, and $3,000 contributed to the school in the dean's name to promote independent pharmacy. The team members, team advisor, and the dean will receive complimentary registration, travel, and lodging to NCPA's 2008 Multiple Locations Pharmacy Conference in Cancun, Mexico from February 13-17, 2008.
Second Place--$2,000 to the NCPA student chapter, and $2,000 contributed to the school in the dean's name to promote independent pharmacy.
Third Place--$1,000 to the NCPA student chapter, and $1,000 contributed to the school in the dean's name to promote independent pharmacy.
New this year, the remaining seven teams will receive $300 dollars for each person who attends the NCPA Convention in Anaheim, Calif. The remaining seven teams include: Idaho State University, University of Arizona, University of Arkansas, University of Georgia, University of the Pacific, University of Utah and Western University.
All participating schools receive a plaque commemorating their participation in the competition. Each year, competing schools receive an engraved plate to add to their plaque, and teams placing in the top 10 receive a special plate acknowledging this distinction.
The National Community Pharmacists Association (NCPA) represents the nation's community pharmacists, including the owners of more than 23,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains employ over 300,000 employees and dispense nearly half of the nation's retail prescription medicines. To learn more go to the NCPA Web site.
The NCPA Foundation is a nonprofit 501(c)(3) organization established in 1953 to honor former NARD Executive Secretary John W. Dargavel. Contributions to the NCPA Foundation are tax-deductible to the extent permitted under federal tax law. The Foundation supports the growth and advancement of independent community pharmacy through low-interest educational loans and scholarships to pharmacy students in need, critical research and programs to improve the success of independent pharmacy, and financial assistance to community pharmacy owners for their recovery in the event of disaster, accidents, illness, or adverse circumstances.
The National Community Pharmacists Association, founded in 1898 as the National Association of Retail Druggists, represents the nation's community pharmacists, including the owners of more than 24,000 pharmacies. The nation's independent pharmacies, independent pharmacy franchises, and independent chains dispense nearly half of the nation's retail prescription medicines.
Director, External Communications and Marketing Outreach
National Community Pharmacists Association
100 Daingerfield Road
Alexandria, VA 22314