Joe Formulary founded Value Drugs in response to a suggestion from a vice president of a local discount retail chain store.  This person had mentioned to him the potential for independent pharmaceutical companies to substantially undercut the prices of major pharmaceutical companies in manufacturing and selling products such as cough syrup and stomach-relief medications.  He realized the potential market for such products and decided to put his scientific and business backgrounds together to produce products catering to the discount end of the price spectrum.

Mr. Formulary recognized that cough syrup sales are vulnerable to heavy fluctuating volume due to variations in seasonal demand.  He thus, plans to supplement cough syrup production with the production of stomach-relief medication, less prone to seasonal swings in demand.  Based on the number of commitments he has already received, he anticipates that the company will be operating at 83% of manufacturing capacity within it’s first six months.

Value Drugs is being established as an S-Corporation owned solely by Joe Formulary for liability reasons.