5 Things in ePharmacy You Need to Know This Friday 01/07/22
5 Things in ePharmacy You Need to Know This Friday 01/07/22
eCommerce [🇺🇸]
Mark Cuban’s ePharmacy in the US Strikes to Cut Medicine Prices
Patients across the globe are seeking less expensive alternatives to pricey prescription treatments and now have a new and somewhat intriguing choice. Mark Cuban’s ePharmacy, Mark Cuban Cost Plus Drug Company, has the fundamental objective of being the lowest-cost provider of all pharmaceuticals. Mark's direct-to-consumer firm, Cost Plus Drugs, distributes over 100 generic meds at reasonable costs. Do you think other ePharmacy in the US will follow this example?
Read More: The Daily Star
Legislation [🇰🇷]
What New Guidelines Has the Korean Ministry of Health and Welfare Introduced Regarding ePharmacies?
Korean delivery pharmacies specialize in dispensing and delivering huge volumes of meds without providing face-to-face consultation. The Korean Ministry of Health and Welfare has issued guidelines to frontline public health clinics to tighten pharmaceutical advice management and oversight for delivery pharmacies. The major goal is to ensure that the pharmaceutical instructions are followed correctly, and it is understood that any violations will result in a one-month suspension of the business.
Read More: Etnews [article in Korean]. Google Translate in English here.
Funding 🌍
Digital Transformation of Pharmacies Experiences Rapid Growth in Africa Fueling Investments
Although Africa's healthtech businesses in the supply chain segment are gaining traction, ePharmacy legislations are being established requiring a physical faculty under the authority of a professional pharmacist. Ghana, plans to start on a larger digital transformation of pharmaceutical treatment via a government-run, centralized ePharmacy platform that will store all ePharmacy transactions across the country. Finally, more and more pharmacy chains are joining the digital sector by adding telemedicine capabilities.
Read More: TechCrunch
Legislation [🇷🇺]
Russian Online Marketplace’s Wildberries Sellers Were Caught Red-Handed Selling Rx Meds Illegally
Sellers of Russian-based marketplace Wildberries were caught illegally selling prescription medications. Some Russians were able to place orders, pay for them, and even acquire them. The prosecutor's office initiated an investigation. The marketplace will most likely be penalized for the selling of prescription medications as purchasing and offering Rx meds for purchase without a doctor's prescription can be very dangerous. The incident has not yet received a response from the marketplace.
Read More: Yamal Media [article in Russian]. Google Translate in English here.
Editor’s Choice [🇲🇽]
Mexican ePharmacy Prixz Benefits from The Country’s Growing Demand for Medicines to Expand Its Services
During the pandemic, Mexican ePharmacy Prixz's pharmaceutical shipments jumped 400%, as the firm utilized the crisis to redefine itself as an ePharmacy that fills prescriptions, while the company also used the online channel to enhance its online drug sales business with home delivery. Currently, Prixz plans to accomplish numerous collaborations to offer telemedicine services and other specializations through its online sales like its website, marketplace, agreements with insurance companies, and apps.
Read More: Business Insider [article in Spanish]. Google Translate in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Digital eCommerce KAM, GSK [🇨🇴]
More info: LinkedIn
Digital & Content Brand Manager, Perrigo [🇧🇪]
More info: LinkedIn
Associate Dir, Consumer eCommerce, AbbVie [🇺🇸]
More info: LinkedIn
Performance eCommerce Manager, Sanofi [🇲🇽]
More info: LinkedIn
Associate Product Manager 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!
When does the first pharmaceutical text date back to?
2100 B.C.E.
100 B.C.E.
130-200 A.D.
1240 A.D.
Scroll down to the end of this email to reveal the answer.
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The answer to this week’s quiz is: 2100 B.C.E.. The Mesopotamians created the earliest written medical journal on clay tablets. On the tablets, there are several formulas and directions, such as "pulverize," "infuse," "boil," "filter," and "spread." Ingredients like beer, tree bark, and wine are listed in addition to plants.