5 Things in ePharmacy You Need to Know This Friday 28/10/22
5 Things in ePharmacy You Need to Know This Friday 28/10/22
Legislation [🇬🇧]
Are UK-based ePharmacies Soon to Face Tougher Regulations?
According to the UK Department of Health and Social Care (DHSC), the government is now considering ideas from the Care Quality Commission (CQC) to fix regulatory loopholes in online prescribing in ePharmacies. The CQC made legislative amendment suggestions to the DHSC in April 2021 to address "safety gaps" in online prescription, particularly the loophole that enables foreign-based online providers to operate outside the scope of UK regulation. The General Pharmaceutical Council supports this initiative.
Read More: Pharmaceutical Journal
Funding [🇰🇪]
Kenyan ePharmacy MYDAWA Created the First End-to-End Virtual Healthcare Solution for HIV Patients
The Bill and Melinda Gates Foundation has given $1.2Μ to Kenyan ePharmacy MYDAWA to develop the country's first telehealth program specifically designed for HIV prevention. For consumers who want to access Pre-Exposure Prophylaxis (PrEP) and Post-Exposure Prophylaxis (PEP) online, the business also announced that it has created the first end-to-end virtual healthcare solution. The University of Washington and the Kenya Medical Research Institute have approved MYDAWA's new service.
Read More: All Africa
eCommerce [🇩🇪]
Douglas Just Announced its New CEO, Müller Steps Down
German-based perfume, cosmetics & pharma retailer Douglas has named Sander van der Laan, a senior executive for 16 years at Ahold Delhaize , as its new CEO. He is the ideal candidate to lead Douglas because of his considerable managerial experience in the retail industry and his great track record in influencing sales, marketing, supply chain management, and digitization. Former CEO, Müller, departs after successfully redefining Douglas' strategy and managing the company's development into Europe's top digital premium beauty platform.
Read More: ESM Magazine
Omnichannel 🌍
What are the Omnichannel Challenges for ePharmacy Sector Players?
After eCommerce gained ground during the pandemic, omnichannel has taken the leap. Buy with one click through the app, buy in-store and pick up at home, buy online and pick up in-store, subscribe to recurring use medications with tokenization to ensure the effectiveness of the transaction payment and returns are only some of the challenges omnichannel is placing to ePharmacies across the globe. Do you think the ePharmacy market will be able to overcome those difficulties and succeed in the omnichannel sector?
Read More: eCommerce Brazil
Editor’s Choice [🇮🇳]
The Funding Crisis Startups Are Facing Has a Significant Impact on India's First Unicorn ePharmacy
The parent company of the Indian ePharmacy PharmEasy, API Holdings Limited, is having trouble raising even a few million dollars after making the multi-million dollar acquisition of Thyrocare Technologies last year, which helped boost its valuation to a high of $5.1B. PharmEasy has been severely impacted by the funding crisis that startups are facing this year. As it seems, for India's first unicorn ePharmacy, the going is probably going to get harder before it gets easier.
Read More: Money Control
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Digital Specialist, Bayer [🇳🇱]
More info: LinkedIn
Sales Manager eCommerce Digital, Haleon [🇺🇸]
More info: LinkedIn
eCommerce Sales, J&J [🇯🇵]
More info: LinkedIn
Corporate Compliance and Governance Director, Shop Apotheke [🇩🇪]
More info: LinkedIn
Analyst Sr Digital Commerce Merch & Merch Ops, Walgreens [🇺🇸]
More info: LinkedIn
Quiz: Are you an ePharmacy Wizard?
Every week a new trivia question will be asked to you regarding general facts related to the Pharmaceutical sector!
What do pharmacy today and pharmacy in ancient Egypt have in common?
Writing prescriptions
Using parapharmacy meds and natural herbs
Having a pharmacist taking care of the village/town
None of the above
Scroll down to the end of this email to reveal the answer.
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The answer to this week’s quiz is: Writing prescriptions. The ancient Egyptians, it turns out, wrote prescriptions much like us! In fact, some of the earliest medicinal documents have been discovered in Egypt.