267:
notified
Menderes Akdag, President and Chief Executive Officer, that the Company will not extend Mr. Akdag’s employment agreement with the Company and that the employment agreement would therefore end on July 30, 2021 in accordance with the scheduled end date of the agreement. The Company has presented a proposal to Mr. Akdag regarding the continuation of his role as President and Chief Executive Officer for a transition period following July 30, 2021 until a new CEO is appointed.” Matthew N. Hulett, the former president of language learning giant Rosetta Stone, was named CEO and president effective August 30, 2021. Hulett entered into a three-year employment agreement with PetMed Express at a $ 500,000 base salary per year. He also received 90,000 shares of restricted stock and 510,000 shares of performance restricted stock.
255:
Florida board provided information to national boards and encouraged other state boards to take actions against veterinarians who had worked with PetMed
Express to provide prescriptions for animals they had not examined. In the same year, the company settled similar charges in Ohio. In November 2002 the pharmacy board in Texas filed a lawsuit charging PetMed Express with dispensing veterinary drugs without prescriptions. The case was settled in 2006 with a $ 50,000 fine and three years' probation.
35:
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for sale in Europe and
Australia and the doses and labelling were not FDA-approved. Also in 2002, PetMed Express, this time with Savemax, the company reached a settlement with the Florida Pharmacy Board for contracting with veterinarians to write prescriptions for animals they had never examined. The
237:
Until 2002 PetMed
Express and a company called Savemax Inc. operated in the same premises, shared staff, and operated under the same pharmacy licenses. According to the lawyer for both companies, Savemax was formed because of "a concern over PetMed's liability, and whether it continue." From 1999 to
262:
lawsuit was filed against the company, claiming that the company was not candid about the difficulty in getting prescriptions authorized by veterinarians. In 2005, the lawsuits were voluntarily dismissed by the plaintiffs. Puleo stepped down from executive leadership with the company the same year.
242:
for selling drugs in metric doses, and has also received a warning letter from the FDA for selling misbranded drugs. In 1999, PetMed
Express settled charges with the Florida Pharmacy Board for selling drugs that did not have prescriptions, false advertising, poor record keeping, and not labelling
266:
As announced by PetMed
Express Inc. in a regulatory filing published on Friday, June 4, 2021, Menderes Akdag, chief executive officer, leaves the online pet pharmacy after around 20 years in the role. PetMed said: “On May 28, 2021, the Board of Directors of PetMed Express, Inc. (the “Company”)
246:
In addition to pet medications, PetMed
Express also sold pet accessories such as leashes. In 2000, Tricon Holdings invested $ 2 million into the company. The company also hired Menderes Akdag as CEO in 2001. It discontinued 5,000 products and began focusing strictly on medicine-related items.
233:
Its stock was traded on the OTC Bulletin Board under the symbol PETS from
September 1997 until March 2000; in March 2000 the company began the process of becoming listed on the National Quotation Bureau Electronic Quotation Service and became responsible for reporting to the SEC.
209:
that sells prescription and non-prescription pet medication and nutritional supplements. It can only fill prescriptions written by veterinarians, and competes with veterinarians who derive some of their income from selling pet medication.
274:, a telehealth veterinary company. As part of the agreement, PetMeds will be the exclusive eCommerce provider of Vetster medications, and Vetster will be the exclusive provider of telehealth services to PetMeds customers.
263:
Another shareholder lawsuit was filed against the company in 2018, claiming that it marketed dangerous animal drugs to humans. The lawsuit was later dismissed by plaintiffs after investigation of the claims.
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already heavily controlling the human prescription market. The company initially grew through word of mouth, television commercials, and its catalogs.
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who wanted to open a mail-order business for human prescriptions that also sold pet accessories. He shifted his focus to pet medicines due to
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2002, PetMed
Express and SaveMax were charged with violating the pharmaceutical law in several states. In one instance it was fined by the
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In 2002, PetMed
Express and Savemax were fined by the EPA for selling prescription drugs illegally. The drugs were made by
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in 2006 and number 6 in 2007. BusinessWeek named PetMed Express number 27 of its top 100 "Hot Growth Companies" in 2006.
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694:"Shareholder lawsuit against PetMed Express over short seller report voluntarily dismissed"
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754:"Foley Represents PetMed Express in Partnership with Vetster | Foley & Lardner LLP"
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841:"PetMed teams up with Pumpkin Insurance to offer pet insurance solutions"
251:
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17:
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59:
586:"Novartis sues Internet pharmacies for prescription drug violations"
193:. It is publicly traded and sells prescription and non-prescription
566:. South Florida Sun Sentinel via Newspapers.com. 26 August 2004
519:"Florida Board of Pharmacy disciplines PetMed Express, Savemax"
779:"PetMeds and Vetster partner to improve access to telehealth"
604:"PetMed Express disciplined by Ohio State Board of Pharmacy"
458:"You've got mail! PetMed finds success through mail order"
167:
410:"Veterinarians confront Internet pharmacy PetMed Express"
740:"Former Rosetta Stone exec named CEO of PetMed Express"
671:"Case Page: PetMed Express Inc. Securities Litigation"
389:. The Palm Beach Post via Newspapers.com. 13 May 2004
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In April 2022, the company signed a partnership with
321:"PetMed Express moving headquarters to Delray Beach"
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140:
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105:
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79:
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816:"PetMeds, Vetster Team on Pet Telehealth Platform"
558:
556:
622:"PetMed Express settles legal battle with Texas"
651:. South Florida Sun Sentinel via Newspapers.com
497:"PetMed Express: Amendment No. 2 to Form 10-SB"
716:"PetMed CEO Menderes Akdag leaves | exechange"
425:
423:
8:
959:Pharmaceutical companies established in 1996
451:
449:
362:
360:
27:
799:: CS1 maint: numeric names: authors list (
387:"Web site has answers to your pet problems"
984:Companies based in Broward County, Florida
536:
534:
532:
432:"PetMedExpress markets like an attack dog"
33:
26:
890:"Forbes 200 Best Small Companies of 2007"
865:"Forbes 200 Best Small Companies of 2006"
543:"Texas slaps PetMed Express with lawsuit"
512:
510:
508:
506:
1004:Veterinary medicine in the United States
994:1996 establishments in the United States
477:
475:
969:Internet properties established in 1996
915:"Top 100 Hot Growth Companies for 2006"
673:. Securities Class Action Clearinghouse
311:
954:American companies established in 1996
792:
647:Cohen, Karen-Janine (19 August 2004).
628:. UBM Life Sciences. September 1, 2006
456:Martinez, Draeger (30 December 1998).
369:"Panel offers forum on PetMed Express"
949:Online retailers of the United States
7:
964:Retail companies established in 1996
541:Fiala, Jennifer (November 1, 2002).
460:. The News Leader via Newspapers.com
408:Fiala, Jennifer (January 16, 2012).
222:in 1996 by Marc Puleo. Puleo was an
414:Veterinary Information Network, Inc
319:Ostrowski, Jeff (1 February 2016).
25:
692:Larsen, Keith (24 January 2018).
301:200 Best Small Business Companies
293:The company was picked 4th among
696:. South Florida Business Journal
148:
147:
974:Pharmacies of the United States
517:O'Rourke, Kate (June 1, 2002).
277:In 2023, PetMed partnered with
240:Environmental Protection Agency
999:1996 establishments in Florida
989:Companies listed on the Nasdaq
367:Burns, Katie (March 1, 2012).
218:Petmed Express was founded in
1:
979:Veterinary medicine companies
483:"Petmed Express: Form 10-KSB"
345:. Kiplinger's. September 2004
777:Staff, Dvm360 (2022-05-16).
499:. SEC EDGAR. March 13, 2000.
430:Keller, Amy (26 June 2012).
485:. SEC EDGAR. July 16, 2001.
85:; 28 years ago
1020:
649:"Shareholders sue PetMed"
32:
155:US$ 283.4 million (2019)
152:US$ 284.1 million (2020)
564:"PetMed vies with vets"
260:securities class action
839:mgildea (2023-02-14).
814:PYMNTS (2022-04-19).
279:Pumpkin Pet Insurance
205:PetMed Express is an
110:Delray Beach, Florida
785:. dvm360 June 2022.
343:"Fido's Drug Dealer"
179:PetMed Express, Inc.
28:PetMed Express, Inc.
187:online pet pharmacy
29:
610:. August 1, 2002.
323:. Palm Beach Post
243:drugs correctly.
176:
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16:(Redirected from
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919:BusinessWeek.com
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135:Animal drugs
106:Headquarters
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789:(6): 22–22.
677:17 December
299:magazine's
289:Recognition
168:1800petmeds
943:Categories
929:2007-12-17
894:Forbes.com
869:Forbes.com
850:2023-04-04
825:2022-10-03
763:2022-10-03
725:2021-08-26
608:JAVMA News
590:JAVMA News
523:JAVMA News
373:JAVMA News
349:31 January
327:31 January
307:References
285:provider.
258:In 2004 a
118:Key people
101:Marc Puleo
438:8 January
54:Traded as
700:30 March
655:30 March
570:30 March
464:30 March
393:30 March
252:Novartis
185:, is an
131:Products
70:Industry
272:Vetster
220:Florida
214:History
183:PetMeds
163:Website
141:Revenue
98:Founder
88: (
80:Founded
62::
18:PetMeds
783:dvm360
626:dvm360
547:dvm360
296:Forbes
112:, U.S.
60:Nasdaq
46:Public
899:3 Nov
874:3 Nov
228:Merck
901:2014
876:2014
801:link
702:2018
679:2016
657:2018
634:2016
572:2018
466:2018
440:2018
395:2018
351:2018
329:2018
170:.com
90:1996
83:1996
64:PETS
124:CEO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
