KwikMed is an approved online pharmacy in the United States which has been granted regulatory approval to operate and sell medications online. Based in Salt Lake City, Utah, KwikMed's parent company, Phoenix Capital Management, is located in Scottsdale, Arizona. Specifically, KwikMed has been granted regulatory approval to prescribe medications for erectile dysfunction, male pattern hair loss and smoking cessation provided specific operating procedures are followed. KwikMed has been involved in the creation of legislation in the state of Utah focused on creating a structural framework for the delivery of healthcare online and for the fulfillment of prescriptions on the Internet. On March 30, 2010, the State of Utah became the first state to establish a regulatory board specifically focused on regulating Internet pharmacies. This regulatory board is composed of experts in the healthcare field who are focused on facilitating the safe and effective delivery of health care online. Utah signed into law S.B. 274 Archived 2011-06-07 at the Wayback Machine, the "Online Prescribing, Dispensing, and Facilitation Act" which was sponsored by Utah State Senator Curt Bramble and Representative Rebecca D. Lockhart.
Company history
Introduction October 16, 2001 - KwikMed was purchased by Peter Ax, managing partner of Phoenix Capital Management (PCM). Peter Ax was formerly senior vice president and head of private equity at Lehman Brothers where he was responsible for the institutional private placement of late stage venture capital financing. The previous owners of KwikMed were criminally prosecuted for writing prescriptions on the Internet without a valid physician and for illegally repackaged medications obtained from a drug wholesaler. The cornerstone of KwikMed's health delivery system has been the creation of advanced software which takes a complete online medical history of the patient by asking specific questions of the patient. Depending upon how the patient responds, additional questions may be asked. All of the patient data collected during that online interview is compared to standardized medical scales to see if the patient is an alcoholic, is suffering from a mental illness, smokes too much, has an aggressive personality, etc... All of this information is collected by KwikMed physicians who then make a determination to 1) treat the patient with the patient requested medication, 2) suggest alternatives therapies for the patient, 3) collect additional data by email or phone call, 4)that the patient must be treated in a face-to-face setting and not allow any prescription to be written for this patient.
Time line Oct. 2001 - Utah Division of Occupational & Professional Licensing (DOPL) issues a subpoena to KwikMed regarding the past business practices of KwikMed's former owners. Oct. 2001 – PCM initiates discussion with the DOPL about revising KwikMed's practices in order to deliver healthcare safely on the internet. 2002 – KwikMed and medical experts make multiple presentations to the Utah DOPL, and Utah Boards of Medicine and Pharmacy. Dec. 2002 – KwikMed enters into a non-disciplinary Consent Order with the state of Utah which outlines specific operating procedures KwikMed must follow. June 2003 – First version of KwikMed Software launched which complies with Consent Order. Jan. 2004 – Utah legislature discusses legislation to regulate Internet pharmacies. KwikMed assists in educating regulators and legislators about online pharmacies which leads to regulation designed to allow online pharmacies to operate in Utah provided specific operating practices are followed. Jan 2004 – Second version of KwikMed software released providing significant enhancements to the system. June 2004 – KwikMed continues to refine its “best practices” and enhanced medical assessment and diagnostic tools. Dec. 2004 – University of Utah begins a formal research study of KwikMed's practices compared to traditional medicine. Jan. 2005 – Utah legislature again discusses legislation which would regulate Internet pharmacies. KwikMed assists legislators and regulators to understand the intricacies of internet pharmacies. May 2006 – Google allows KwikMed to become the only online prescribing website allowed to advertise on its site. Jan. 2007 – KwikMed presents its model for the delivery of online healthcare to various legislators and regulators. June 2007– KwikMed submits to Utah DOPL a formal request to be allowed to sell Chantix (smoking cessation medicine) online. June 2008 – Mayo Clinic Proceedings publishes University of Utah research which compares KwikMed's model for the delivery of healthcare to traditional healthcare which involves a patient meeting with a physician in a face-to-face setting. October 2008 – Peter Ax presents KwikMed's business model at Health 2.0 conference in at The Marriott in San Francisco, California. Feb. 2010 - Google announces that only online pharmacies verified by National Association Boards of Pharmacy and certified through the VIPPS program will be allowed to advertise. March 30, 2010 - Senator Curt Bramble signs Senate Bill 274 into law using the KwikMed business model as the standard for licensing and regulating online pharmacies. Utah signed into law the "Online Prescribing, Dispensing, and Facilitation Act" which was sponsored by Utah State Senator Curt Bramble.Senator Bramble remarked on Utah's "fairly remarkable track record with the one company that has been subject to [a] Consent Agreement." December 2010 - KwikMed start to sell the prescription drug called ella, an emergency contraception pill known as ulipristal acetate and marketed by Watson Pharmaceuticals.
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