5 Things in ePharmacy You Need to Know This Friday 18/03/22
5 Things in ePharmacy You Need to Know This Friday 18/03/22
eCommerce [🇺🇸]
Amazon Is Now Entering the Drug Discount Market Putting Other Drug Discount Platforms at Risk!
Amazon Pharmacy will be launching an Rx discount savings card to Blue Cross Blue Shield (BCBS) health plans. This new card will be handled by InsideRx, the Rx discount platform, and distributed by Prime Therapeutics, a pharmacy benefit manager (PBM). Amazon also distributes an Rx savings card that is only available to Prime members and can save them up to 80% on medications without an insurance. This new partnership could indicate a new era of Rx discount offerings in the pharmaceutical market.
Read More: eMarketer
New Tech [🇧🇷]
Which Brazilian ePharmacy Aims to Address the Medication Adherence Problem & Disrupt the Sector?
Pill Farmácia Digital, a Brazilian startup, focuses its sales 100% on digital channels, using the dark pharmacy concept to provide individualized services from pharmacists, lower pricing than physical stores, and free delivery of up to 1 hour. The company seeks to address one of the segment's biggest problems, known as medication adherence, with a program of scheduled purchases of pharmaceutical products, in which the delivery of the products is determined by the patient at the agreed-upon frequency.
Read More: Exame [article in Portuguese]. Google Translate in English here.
Legislation [🇩🇪]
Should Pharmacies Lure Consumers with Sweepstakes? The Dutch ePharmacy DocMorris Case
The Dutch ePharmacy DocMorris announced a nationwide raffle with a flyer in March 2015, with the grant prize being a €2,500 eBike. In order to participate in this competition, you had to provide your prescription to the ePharmacy. Following a case brought by the North Rhine Chamber of Pharmacists, the Federal Court of Justice has finally restricted DocMorris from hosting such a competition again, since customers might be getting prescriptions, without actually needing them, just to enter the competition.
Read More: Beck-Aktuell [article in Germany]. Google Translate in English here.
Funding [🇪🇬]
Egyptian-Based Chefaa Secures Funding to Continue Innovating in the ePharmacy Industry!
Chefaa, the Egyptian ePharmacy startup that offers end-to-end healthcare, has raised an undisclosed amount to expand its network and enter new markets. The funding will also be used to support the launch of Chefaa Prime, a comprehensive medical insurance solution for emerging markets. This round of funding will allow the company to scale its business models while also allowing the company to capitalize undiscovered market opportunities.
Read More: Afrique IT News [article in French]. Google Translate in English here.
Editor’s Choice 🌎
BOOM: 10.9B Visits Were Recorded in ePharmacies Across the Globe During 2021
According to Convert Group’s latest study, global ePharmacy visits increased by a 25.7% Y-o-Y increase during 2021, totaling 10.9B visits. As the ePharmacy industry appears to be one of the fastest growing eCommerce ecosystems, global eCommerce behemoths are battling for market supremacy. With a +68.3% Y-o-Y increase, North America had the most online visits, and Mexican-based ePharmacy Prixz was the fastest-growing ePharmacy in the world, with a visit growth rate of +1218%!
Read More: ePharmacy Data
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Digital Commerce Business Product Owner, J&J [🇬🇧]
More info: LinkedIn
eCommerce KAM, Reckitt [🇿🇦]
More info: LinkedIn
eCommerce Inventory & Demand Planner, Pierre Fabre [🇺🇸]
More info: LinkedIn
eCommerce Manager, Sanofi [🇻🇳]
More info: LinkedIn
Sr. Director Digital & Marketing, 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!
Which skill used to be important for pharmacists before the advent of modern packing?
Tying knots
Origami
Design skills
Woodworking
Scroll down to the end of this email to reveal the answer.
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The answer to this week’s quiz is: Tying Knots. Back in the days, to tie down caps, tops, and corks to the bottles and containers carrying their medicine, pharmacists used to need to master a number of knots.