1) A compounding pharmacy fills special requests a physician may need. The follow examples and descriptions from the website of MD gives a short example and explanation. http://www.webmd.com/brain/news/20121010/what-are-compounding-pharmacies
2) The basic tax credits available are such as, Research and development credit, Domestic production activities deduction (DPAD), and others general business credits.
3) I will enclosed several links for your reference here. A summary of all business tax credits website of the IRS also is enclosed. IRS Pharmaceutical research credit audit guide.
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Pharmaceutical Industry Research Credit
http://rsmus.com/pdf/wc_consumer_products_yearend_tax_2013.pdf - on domestic production activities deduction
What is a compounding pharmacy?
The traditional role of compounding pharmacies is to make drugs prescribed by doctors for specific patients with needs that can't be met by commercially available drugs, says Linda D. Bentley, JD, chair of the FDA practice group at the Boston offices of Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo P.C.
Bentley offers two examples:
- A young child may need a small, liquid dose of a drug made only in adult-dosage tablets.
- A person may be allergic to one of the ingredients in the commercial version of a drug.
In such cases, a compounding pharmacy would make the proper dosage and form of the drug without any offending ingredients.
In recent years, the role of compounding pharmacies has expanded, says ***** *****, RPh, CEO of the International Academy of Compounding Pharmacists (IACP), the trade group representing the compounding industry.
"In the last two to three years there has been an upsurge in an old function of compounding pharmacies, to step in on a local basis to fulfill drug shortage issues," Miller says. "What we have seen is on a large scale, important drugs being in shortage and not for short periods as before. Now it's in the months-to-years range. So compounding pharmacies are being looked to on a larger scale as we try to address drug manufacturing problems."