5 Things in ePharmacy You Need to Know This Friday 23/02/24
What’s New [🇺🇸]
Bayer makes a Deal with Mark Cuban's Online Pharmacy
Bayer is the latest name-brand drugmaker to dip its toe into the world of Mark Cuban's online pharmacy, Cost Plus Drugs. The website offers drugs at steep discounts bypassing middlemen called pharmacy benefit managers. It mostly sells generics, but has been slowly adding brand name products as well. Yaz birth control pills and Climara, a hormone patch for menopause, will both now be available for a fraction of their list prices, including Cost Plus's standard 15% markup and shipping.
Read more: NPR
eCommerce [🇨🇳]
Yuanxin Technology Plans to List in Hong Kong to Raise $100M
Yuanxin Technology, which operates the Internet medical platform "Miaoshou Doctor", plans to list in Hong Kong and raise up to US$100M (approximately HK$780M). According to foreign reports, joint sponsors Goldman Sachs and CITIC Securities conducted a pre-roadshow for the transaction last week. In addition to the online platform "Miaoshou Doctor", Yuanxin Technology also operates a nationwide offline pharmacy network. As of the end of August last year, it owned and operated 322 pharmacies.
Read more: HKEJ [Article in Chinese]. Google Translate in English here.
What’s New [🇩🇪]
TeleClinic Expands Digital Healthcare Access in Germany
In cooperation with ADAC, TeleClinic has developed an app integration that gives ADAC members access to online medical consultations at any time. Members can now use the medical app of Europe's largest and best-known mobility club to access telemedical services from around 1,500 doctors based in Germany. These include electronic sick notes, prescriptions and medical consultations. Telemedicine makes it easier for people to access medical care, regardless of where they live.
Read more: DocMorris
What’s New [🇳🇿]
Pharmacist in New Zealand Sold Stolen Medicine Through the Internet
A pharmacist secretly ordered and stole extra medication from the pharmacy where he worked, and sold it online making $126,076 over four years. Jayant Patel was convicted of theft by a person in a special relationship for selling stolen medication including pharmacy-only medication on Trade Me between January 2016 and April 2020. Now the 38-year-old has been found guilty by the Health Practitioners Disciplinary Tribunal of two charges of professional misconduct bringing discredit to his profession.
Read more: New Zealand Herald
Editor’s Choice 🌍
European Online Pharmacies Combat Shortages with EU's Facilitation
Online pharmacies guarantee "patients' uninterrupted access to essential medicines even in the event of shortages", although they are "negatively affected by continuous unavailability". This is because "it often happens that manufacturers give priority to one channel over the other (physical/online)", resulting in different accessibility for patients from time to time. This is what the EAEP (The European Association of ePharmacies) writes in a position paper addressed mainly to European authorities and EU governments, but also to the international pharmaceutical supply chain.
Read more: Pharmacy Scanner [Article in Italian]. Google Translate in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Digital Product Owner, Sanofi [🇫🇷]
More info: LinkedIn
Lean Digital Core Project Manager, Novartis [🇨🇿]
More info: LinkedIn
Digital Health Lead Nordics, Takeda [🇳🇴]
More info: LinkedIn
Senior Digital Product and Project Manager, Boehringer Ingelheim [🇩🇪]
More info: LinkedIn
PPC Specialist, Dr. Max [🇷🇴]
More info: LinkedIn
Thank you for being with us for this week! In case you found ePharmacy News interesting please do not hesitate to share it.
🕵️ Send a confidential scoop to ePharmacy News: news@epharmacynews.com.