Some chemists sell supplements. The FDA must approve these products for their safety and efficacy to gain market approval. In 1994, 600 supplement companies produced about 4,000 products and had $4 billion in sales. Today, there are 75,000 supplement companies and over $1.7 billion in annual revenue. The law requires that any new drug must be approved by the FDA and must treat its intended condition. To avoid confusion, chemists selling supplements can also promote their products.
How to Do Chemists Selling Supplements
Willner Chemists has two stores in New York City and one in Atlanta, Georgia. The owners, Don Goldberg and Arnie Gitomer, have been in the industry for 100 years and offer more than 15,000 different SKUs. They are also known for being very selective when it comes to new brands. They keep up with the latest nutritional information and read articles in respected medical journals, to make sure their customers are receiving high-quality, safe and effective supplements.
Despite the lack of regulatory oversight, chemists who sell health products should be cautious. While there may be legal issues related to their involvement in the industry, pharmacists should be wary of profiting from supplements. A study by the Council for Responsible Nutrition found that about 80 percent of doctors and other healthcare providers believe that supplement sales should be free of charge or at a minimal cost. The American Medical Association recommends that doctors should provide nonprescription health products at no cost to patients. Although this isn’t possible in all cases, it can help a doctor avoid potential conflicts of interest.