Oregon Drug Wholesaler Bond

An Oregon Drug Wholesaler Bond is a type of surety bond required by the Oregon Board of Pharmacy for any business operating as a Class I prescription drug wholesaler within the state. It functions as a financial guarantee that the wholesaler will adhere to all applicable laws and regulations governing the distribution of controlled substances.

The bond is required to be in the amount of $100,000 for each location where the wholesaler operates and  the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to get an Oregon Drug Wholesaler Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Oregon Drug Wholesaler Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who needs a Drug Wholesaler License?

Any business that purchases, stores, and distributes controlled substances in Oregon at the wholesale level must obtain a Class I prescription drug wholesaler license and purchase the corresponding bond. This includes businesses like pharmaceutical distributors, hospital pharmacies, and long-term care facilities that dispense large quantities of medications.

What are the license requirements?

To operate as a drug wholesaler in Oregon, you’ll need to obtain a license from the Oregon Board of Pharmacy. There are two main types of licenses: Class I and Class II. The requirements for each differ slightly.

Class I Wholesaler License:

Required for businesses that distribute controlled substances (prescription drugs) in Oregon.

Main requirements:

• Valid resident state license and verification: If you’re located outside of Oregon, you’ll need a license from your home state and verification of that license.
• Current Verified-Accredited Wholesale Distributor (VAWD) accreditation through the National Association of Boards of Pharmacy OR a $100,000 Oregon Drug Wholesaler Bond
• Completed application form and fee
• Controlled substance application & copy of active DEA registration, if applicable
• Responsible Party Attestation Form
• Business license
• Proof of identity for owners and key personnel

Class II Wholesaler License:

Required for businesses that distribute non-controlled drugs (over-the-counter medications, medical supplies) in Oregon.

Main requirements:

• Completed application form and fee
• Proof of good moral character for all owners and key personnel
• Business license
• Copy of resident state license and verification, if applicable
• No Surety Bond Requirement

Additional requirements for both Class I and Class II licenses:

• Maintain accurate records of all drug transactions for at least three years.
• Follow all applicable laws and regulations related to the storage, handling, and distribution of drugs.
• Pass inspections conducted by the Oregon Board of Pharmacy.

Here are some helpful resources for obtaining a drug wholesaler license in Oregon:

• Oregon Board of Pharmacy website: https://www.oregon.gov/pharmacy/pages/index.aspx 
• VAWD website: https://nabp.pharmacy/
• DEA website: https://www.dea.gov/