No matter which name-brand OTC drug you’re looking to buy at the pharmacy, chances are they offer a generic store-brand for less.
In case you’ve ever wondered who makes all of the store-brand OTC drugs on behalf of pharmacy chains like CVS Health Corp. (NYSE:CVS) and Walgreens Boots Alliance, Inc. (NASDAQ:WBA), the answer is probably Hauppauge, New York-based Contract Pharmacal Corp.
Background on Contract Pharmacal
Founded back in 1971, Contract Pharmacal develops, manufactures and packages pharmaceuticals, over-the-counter drugs, and dietary supplements for customers ranging from major drug companies like Bayer AG (OTC:BAYRY) (OTC:BAYZF) all the way to nationwide supplement retailers like GNC Holdings Inc. (NYSE:GNC).
With hundreds of different product offerings, and expertise in tablet, capsule, and powder production, it should come as no surprise that major players like Contract Pharmacal would eventually eye hemp as the next major health and wellness ingredient. Ever since the Farm Bill passed, there’s almost nothing stopping them.
Uleva Hemp Supplements
Contract Pharmacal’s new product line, called Uleva, is comprised of six different formulas. Each one combines hemp with other “specific herbal ingredients to provide the ultimate hemp-based support for a healthier lifestyle.”
For instance, Uleva’s “Fuel” capsules combine the caffeinated power of green tea extract with hemp oil powder to offer its users an herbal boost when they need it most. Uleva’s “Sleep” capsules, on the other hand, combine the calming power of melatonin with hemp oil powder to offer its users a relaxing touch.
At $35.99 for 30 capsules, Uleva’s product line is priced comparably with most dietary supplements. With the scale, reach, and capacity of Uleva’s manufacturer, don’t be surprised if you see them at a pharmacy near you.