Pharmacy and wholesale company to locate first operations in Tennessee, create 120 new jobs in Collierville
COLLIERVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and PANTHERx® Rare Pharmacy officials announced today the company’s plans to establish a new dispensing site in Collierville, Tennessee.
The Collierville facility will be the company’s first base in the Volunteer State and when completed, will house 120 new jobs, increasing the company’s total workforce by more than 20%.
The average PANTHERx® Rare wage in the Collierville location will be well over the Shelby County median, and the company plans to invest more than $4 million over the next two years.
Founded in 2011 and based in Pittsburgh, PANTHERx® Rare has experienced unprecedented growth in the last decade, growing to become the seventh largest specialty pharmacy in the U.S. A seven-time winner of the MMIT Patient Choice Award, PANTHERx® Rare specializes in caring for people living with rare and devastating conditions. There are an estimated 7,000 rare diseases, but only 500 have an FDA-approved treatment. PANTHERx® Rare projects that the company will dispense 600,000 prescriptions over the next five years at the Shelby County location.
Since 2020, TNECD has supported 50 economic development projects in Shelby County, resulting in nearly 5,500 job commitments and more than $1 billion in capital investments.
QUOTES
“Tennessee continues to be a hub for budding businesses, particularly in the healthcare industry. I’m grateful to PANTHERx® Rare’s leadership for creating 120 new jobs for the skilled workforce across Collierville and Shelby County, which will further the economic prosperity experienced across this region.” – Gov. Bill Lee
“Healthcare is an integral part of the state’s economy, and today’s announcement will further strengthen our position as the center for this booming industry. I look forward to seeing PANTHERx® Rare’s success in the coming years and welcome this great brand to the Volunteer State.” – TNECD Commissioner Stuart C. McWhorter
“A number of key factors made Collierville the perfect choice for our second pharmacy distribution center. These include Tennessee’s business-friendly environment, bolstered by the governor’s team and economic development staff; the invaluable support from Memphis and the Shelby County Chamber of Commerce; MLGW; and the highly skilled labor pool in the region.” – David Loschinskey, Chief Operating Officer, PANTHERx® Rare
“As I’ve worked to Make Memphis Matter, I am proud to help announce that PANTHERx® Rare will be locating its first Tennessee location in Collierville. I wish them a long and prosperous future in Shelby County.” – Sen. Brent Taylor (R-Memphis)
“I’m excited to welcome another established company like PANTHERx Rare to the Volunteer State. The pharmacy company’s significant investment will provide more than 120 families with competitive wages and career opportunities. I look forward to seeing all the great work they do in Collierville!” – Rep. Kevin Vaughan (R-Collierville)
About PANTHERx® Rare
PANTHERx Rare® is a specialty pharmacy purely focused on rare and orphan diseases, distributing several orphan products and providing access and support services to those needing them most. Known as The Rare Disease Pharmacy®, PANTHERx® transforms lives by delivering medicine breakthroughs, clinical excellence, and access solutions to people living with rare and devastating conditions.
PANTHERx® is a dual-accredited specialty pharmacy, holding distinctions in rare disease including the Accreditation Commission for Health Care (ACHC) Distinction in Orphan Drugs and Utilization Review Accreditation Commission (URAC) Rare Disease Center of Excellence. As a pharmacy focused on patient satisfaction, PANTHERx® is the seven-time winner of the prestigious MMIT Patient Choice Award, including the 2024 honor. PANTHERx® is headquartered in Pittsburgh, Pennsylvania and is licensed in all 50 states and US territories.
For more information, please contact [email protected].
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter, Instagram and LinkedIn. Like us on Facebook. Subscribe to our YouTube channel.
TNECD Media Contacts
Chris O’Brien
Public Information Officer
(615) 934-5879
[email protected]
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