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Does Florida Require a Bond for Limited Prescription Drug Veterinary Wholesale Distributors?

a prescription bottle with pills

The State of Florida Department of Business & Professional Regulation, Division of Drugs, Devices and Cosmetics, regulates the human-use of the same drugs by Limited Prescription Drug Veterinary Wholesale Distributors. This includes a limitation of the percentage of annual prescription drugs for human-use, jurisdiction of human-use distribution and authorized purchasers of said veterinary and human-use drugs. Intracompany transactions are exempt from the permit requirement.

Florida Statutes Chapter 499.001 provides the details for the licensing and permit process which includes:

1. Completion of the license/permit application and payment of license fee.

2. A $20,000 surety bond is required or an irrevocable letter of credit or deposit in a trust account.

3. Maintain a resident state license or perm it at all times to engage in the wholesale distribution of prescription drugs.

4. Be able to pass an on-site or otherwise inspection of the business establishment.

5. Licenses or permits are valid for a two year term.

How Much Will This Bond Cost?

The premium that you pay for a Florida Limited Prescription Drug Veterinary Wholesale Distributor Bond is dependent on credit.

Related Links:

Application Requirements
Florida Division of Drugs, Devices and Cosmetics

How Do I Get a Surety Bond?

Contact our Surety Bond Specialists today at:

Phone: 1‑844‑432‑6637
Emailinfo@suretygroup.com
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday



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