After managing three successful pharmacies in California, Peter Fallon sought a fresh approach to his career and seized the opportunity to purchase his family company from his father in 1985. Fallon Wellness Pharmacy, LLC, located in Latham, New York, offers both functional medicine and compounded medications. After only a few years overseeing Fallon Wellness Pharmacy, Peter Fallon secured a contract for the pharmacy at Bellevue Hospital in Schenectady and eventually opened a third location in a Clifton Park medical facility. Eventually, Bellevue Hospital bought the rights from him.
At the Clifton Park location, Peter Fallon designed a portable compounding room and partnered with pharmacist George Doherty. Once competitors, Peter Fallon and George Doherty now operate the premier location for compounded medications. Realizing the need for a larger and more central location for his business, he decided to move his operations to Latham. Since the move, he also partnered with pharmacist Mike Lenz of Menges & Curtis Apothecary in Saratoga Springs, which led to a significant increase in sales of both compounded medications and nutriceuticals. In addition, Fallon Wellness Pharmacy continues to enjoy an annual growth of 25 percent. Peter Fallon credits much of his success to word of mouth, but he also employs a strategic marketing campaign in New York and neighboring states. Recognized by the new independent, non-governmental Pharmacy Compounding Accreditation Board, Fallon Wellness Pharmacy became one of the first 50 U.S. pharmacies to earn accreditation. Focused on improving his business and the approach to functional medicine and compounded medications, Peter Fallon continues to network with his peers and make advances in his field.