Putney Inc., a private generic pet medication company founded by Jean Hoffman ’79, had a busy year in 2013: the company released its first three medications, now totaling five FDA-approved medications available on the market. According to Putney, its generic medications “can save 20 to 50 percent compared with brand name drugs” and help both vets and pet owners save money.
Based in downtown Portland, Putney owes its success in part to its global network. “One of our secrets is a very complex global supply chain, and we manage complex development projects across multiple partners and manufacturing across multiple partners, says Hoffman, the company’s CEO.
Putney was named one of the top-10 work places in the country by Fortune magazine and business of the year by the city of Portland. Hoffman has also been doing well: she has founded two other companies, Newport Strategies, Inc. and Q Street Advisors, Inc.