MedPharm issued a news release Thursday evening advising that they have removed a product called ‘SDS Blocker’ from their inventory following the execution of a warrant at their Guam office in Dededo on Tuesday.
“The product was marketed and sold to MedPharm as an over-the-counter item by a local Guam distributor,” states the MedPharm release. “We have voluntarily removed the product from our inventory.”
The local Guam distributor is not named.
Special agents with Homeland Security Investigations led the search on Tuesday. HSI spokeswoman Lori Haley told PNC News the investigation was part of ‘Operation Stolen Promise’, HSI’s global campaign to combat COVID-19-related fraud.
“We take these matters very seriously,” said MedPharm President Rene Ramos, “and we are cooperating fully with all authorities.”
He said once federal authorities advised that ‘SDS Blocker’ did not meet federal standards, “we immediately took action and removed the product from our inventory.”
He called the search of the company’s office “an isolated event” and “the warrant was not related to any other items or operations involving our company.”
READ the news release from MedPharm in FULL below:
MedPharm responds to search
FOR IMMEDIATE RELEASE
MAY 7, 2020
The warrant that was executed at our warehouse location in Guam and Saipan relates to a
product called SDS Blocker.
The product was marketed and sold to MedPharm as an over-the-counter item by a local Guam distributor. We have voluntarily removed the product from our inventory.
“We take these matters very seriously and we are cooperating fully with all authorities,” said Rene H. Ramos, President of MedPharm, Inc.
“Once we were informed by the federal authorities that the product supplied by a local distributor did not meet federal standards, we immediately took action and removed the product from our inventory.
This is an isolated event specifically related to the sale of the SDS Blocker product we purchased locally and sold via our wholesale company. The warrant was not related to any other items or operations involving our company.
The prescription drugs dispensed in all our pharmacies are legitimate, U.S. sourced and
manufactured under strict FDA regulatory compliance.”
MedPharm is a leading supplier, wholesaler, and distributor of quality healthcare products
including medical equipment and supplies, dental equipment and supplies, radiological,
laboratory equipment and supplies as well as pharmaceutical and Biomed Engineering services to the South Pacific islands including Guam, Saipan, Federated States of Micronesia, Marshall Islands, Palau, Fiji and Western and American Samoa.