College of Pharmacy Teams with Talyst Inc. to Provide Students with Newest Pharmacy Dispensing Technology

October 26, 2009

St. John’s College of Pharmacy and Allied Health Professions became one of the first Colleges of Pharmacy in the United States to partner with medication management company Talyst, Inc., during a special recognition ceremony to thank the corporation for their generosity in donating state-of-the-art medical equipment to the University.

Pharm.D. students will be trained to use the technology in the college’s pharmacy laboratory under the direction of lab supervisor Dr. William Maidhof. He gave a brief demonstration on how the equipment is applied in a laboratory setting before a crowd of faculty, students and well-wishers in St, Albert Hall on St. John’s Queens campus on October 23.

Robert A. Mangione, R.Ph, Ed.D, Dean of the College of Pharmacy and Allied Health Professions, served as host for the reception. Joining Dean Mangione for the ribbon cutting ceremony was Carla Corkern, CEO and Chairman of the Board for Talyst Inc. and Dr. Robert Fuentes P’77, MSc, Pharm.D., Senior Director, Medical Information, MedImmune and alumnus of St. John’s University.

“This state of the art equipment will strengthen our curriculum as pharmacy students will learn how to operate the newest dispensing technology,” said Mangione. “The efficiencies gained using this advanced equipment will give them the opportunity to spend more time counseling their patients and managing therapeutic outcomes.”

To assist with pharmacy students’ storage of oral medications, Talyst Inc. (based in Seattle, WA) has donated an Automated Oral Solid Packager and a Mini Vert Kiosk to the College of Pharmacy and Allied Health Professions.

“This is the first lab like this that we’ve established in partnering with a major University like St. John’s. We’re technology vendors and we believe that there is a lot we can learn by having clinicians work with the equipment and give us better feedback,” said Ms. Corkern. “We are very excited to partner with St. John’s and hope that this is ongoing where we can host some user conferences here and provide some of our East Coast customers’ tours of the lab.”

St. John’s University also anticipates that pharmacists in the greater New York City area will have the opportunity to be trained on how to use the equipment through programs sponsored by both St. John’s University and Talyst Inc. in the future.

Dr. Fuentes was instrumental in arranging the negotiations between the college and Talyst Inc. He is a member of the Dean’s Pharmacy Leadership Committee and a member of the St. John’s University Board of Governors.

Talyst Inc. states its company objective is to “enable positive change in the medication management process” and “to improve patient safety and operational efficiency” in hospitals, long-term care and in pharmacies.

For media inquiries, please contact Dominic Scianna, Assistant Vice President for Media Relations at St. John’s University, at (718) 990-6185, or by e-mail to sciannad@stjohns.edu.

About Talyst Inc.
Talyst enables positive change in the medication management process. We are dedicated to improving patient safety and operational efficiency in acute care hospitals and in long-term care, as well as in closed-door, correctional, and retail pharmacies. Our company was founded in 2002 as Integrated Healthcare Systems, Inc., a pharmacy solutions provider focused on developing simple, affordable and reliable products to assist in the medication management process.

The following year, we acquired Creative Pharmacy Solutions, and launched AutoPharm®, the software platform that integrates pharmacy bar-coding, storage, inventory, ordering and clinical systems. The initial growth of the company was supported by two rounds of funding. In early 2005, a $9 million round of institutional financing directed by AIG Global Investment Group (a subsidiary of American International Group, Inc.) enabled Talyst to expand its installation/support team and invest in proprietary product development.

In late 2006, the company received $20 million in growth funding to aggressively pursue its commitment to innovation and expansion into new pharmacy markets. That funding was co-led by Ignition Partners and OVP Venture Partners.  By the end of 2007, more than 300 hospitals across the country had installed Talyst systems, and we expect continued growth in multiple pharmacy markets. The Puget Sound Business Journal has ranked Talyst as one of the fastest growing companies in Washington State for the past three years. And in 2007, Inc. magazine recognized the company as one of the country’s fastest-growing privately-held companies.

Talyst remains dedicated to ‘Engineering the Intelligent Pharmacy’, one customer at a time.

About St. John’s University
St. John's is one of America's leading Catholic universities – nationally ranked (by The Princeton Review and U.S. News & World Report) and recognized for its superb academic programs, diverse student life, New York vitality and BIG EAST athletic excitement. Founded in 1870 by the Vincentian Community, St. John’s currently enrolls more than 20,000 undergraduate and graduate students from 44 states and 122 countries.

The University also offers housing for 4,000 students in five friendly residential campus locations (Queens, Staten Island, Manhattan and Oakdale, New York as well as Rome, Italy).

St. John’s values its investment in education and provides the necessary resources to support student scholarships, faculty and academic programs, technological advances and the building and modernization of new facilities (both academic and athletic). St. John’s University is the perfect choice for an affordable, high-quality private education that blends academic study, service learning opportunities, professional training and real-world experience within a diverse and highly supportive community. For more information about St John’s University, visit http://www.stjohns.edu.