Wyoming MPJE (Pharmacy Jurisprudence) Practice Exam

What happens to the pharmacy license when there is a change in ownership?

1. The license is transferred to the new owners

2. The license remains the same

3. The original license is void and a new license must be obtained

4. The license is suspended until board approval

The correct answer is: The license is transferred to the new owners

When there is a change in ownership of a pharmacy, the pharmacy license is typically transferred to the new owners. This transfer allows the new owners to operate the pharmacy legally without any disruptions in services. It is important for the new owners to notify the State Board of Pharmacy about the change in ownership and complete any required paperwork to ensure a smooth transition. This process helps maintain continuity in pharmacy services and ensures that the pharmacy remains compliant with all legal and regulatory requirements. Option B is not correct because the license does not remain the same – there is typically a process for transferring the license to the new owners. Option C is incorrect as the original license is not voided; instead, the license is transferred to the new owners. Option D is also incorrect because the license is not automatically suspended during a change in ownership; rather, the transfer process allows for the new owners to continue operating the pharmacy legally.