When there is a change in ownership of a wholesaler, what must a designated representative do?

When there is a change in ownership of a wholesaler, the designated representative is required to notify the Arkansas State Board of Pharmacy and apply for a new license. This requirement exists because the licensing of wholesalers is closely regulated to ensure compliance with state and federal laws regarding the distribution of pharmaceuticals. A change in ownership typically means that the new owner will need to adhere to the regulatory standards set forth for wholesalers and demonstrate their qualifications to operate under a new license.

Notifying the board and applying for a new license is essential for maintaining legal and operational standards within the pharmaceutical distribution sector. The board’s oversight is crucial for ensuring that the wholesaler continues to operate in a manner that is safe for public health and is compliant with existing regulations.

Other options such as contacting customers, temporarily closing the business, or holding an inventory sale may not be mandated and could distract from the necessary regulatory compliance that comes with a change in ownership.