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Innovative Pharma Company Galt Signs 50th Franchise

February 14, 2019

ATLANTA--(BUSINESS WIRE)--The first and only pharmaceutical company to create a unique franchise pharma concept referred to as “phranchising,” Galt Pharmaceuticals recently signed its 50th territory.

“Our unique model offers the right entrepreneur the opportunity to run their own pharmaceutical company in their local market using a very patient-centric approach to educating healthcare providers,” said Galt CEO and co-founder Barry Patel, Pharm.D.

Validating this transformative model, Atlanta-based Galt brought on its 50th territory just 8 months after beginning to sell Galt Phranchises last April. Independent pharmacist and entrepreneur Alex Brumfield acquired the 49th and 50th territories in San Antonio, Texas.

“Although I’ve owned and operated independent pharmacies in Louisiana and Texas, the Galt Phranchise opportunity allows me to leverage my clinical and business skills, as well as my medical network contacts, to build a whole different type of business,” said Brumfield, who acquired 2 territories.

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