Prasco Laboratories
| Company type | Private |
|---|---|
| Industry | Pharmaceutical |
| Founded | 2002 |
| Founder | E. Thomas Arington |
| Headquarters | Cincinnati , United States |
| Products | Authorized generics (including Allegra, Cyclessa, Ambien, Protonix, Advair Diskus) |
| Owner | Private |
Prasco is a Cincinnati, Ohio-based pharmaceutical firm established in 2002 by E. Thomas Arington, who previously served as chairman and CEO of Duramed Pharmaceuticals. As a privately owned entity, Prasco focuses on authorized generics—these are generic medications developed by original brand manufacturers but sold under private labels.
Company Overview
IMS Health identified Prasco as one of the fastest expanding pharmaceutical companies in terms of prescriptions filled during 2005 and 2006. Although the company’s financial details remain confidential, an independent analysis approximated sales at $150 million in 2005, representing a twofold increase from the previous year. Additionally, Prasco has funded studies demonstrating significant consumer preference for generic drug options.
Authorized generics
Prasco maintains licensing agreements for several brand-name generic products such as Allegra (an antihistamine), Cyclessa (a progestin utilized in oral contraceptives), Ambien (for insomnia), Protonix (treatment for GERD), and Advair Diskus. With a portfolio exceeding 18 licensed medications, Prasco ranks prominently among authorized generic producers.