5 Things in ePharmacy You Need to Know This Friday 07/01/22
eCommerce [🇮🇹]
Which ePharmacy StartUp Seeks to Unite the Best Italian Pharmacies?
1000Farmacie is an Italian online marketplace that claims to bring together the best pharmacies, providing an eMarket that users can purchase medications with one click. The startup was able to include 80 pharmacies across Italy, reaching an average of over 15K clients monthly, thanks to the pandemic, which, according to IQVIA, increased ePharmacies sales by +51.5% from June 2020 to May 2021. 1000Farmacie has developed a concept that does not require inventory and meds can be delivered fast and affordably. Just like food delivery!
Read More: Sky tg24 [article in Italian]. Google Translate in English here.
Legislation [🇬🇭]
BOOM: A Brand-New Anti-Counterfeit ePharmacy Platform & Policy Is Rolled-Out in Ghana!
Dr Mahamudu Bawumia, Ghana's Vice-President, introduced a new ePharmacy policy and guideline for medicine dispensing in the country. To prevent the spread of counterfeit medicines, the policy, which will be implemented in March, will have a direct link with the Food and Drugs Authority (FDA). When fully operational in 2022, the ePharmacy platform is intended to alter access to pharmaceutical care in the country and enable the public to obtain medicines from accredited pharmacies.
Read More: Graphic
New Tech [🇮🇳]
Will Indian eCommerce Platform JioMart Outperform Amazon and Flipkart in Terms of ePharmacy Sales?
Billionaire Mukesh Ambani, Reliance Industries' controller, claimed earlier this year that Reliance Retail will expand at least 3 times in the next 3 to 5 years. In August 2020, the company acquired a controlling stake in the Indian ePharmacy Netmeds, and since then has been digitalizing the ePharmacy delivery company's wholesale business, using the eCommerce platform JioMart. This platform is actually building a marketplace to compete with eCommerce behemoths like Walmart-owned Flipkart and Amazon. We'll have to wait and see how this new venture turns out.
Read More: ETNowNews.com
eCommerce [🇲🇾]
The Malaysian ePharmacy Sector Has the Potential to Capture 20%-30% of Pharma Market Share
Malaysia's ePharmacy sector has tremendous potential to reach up to a 20%-30% pharma market share. Dr. Hiew Fei Tsong, Co-Founder of Alpro Pharmacy, claims that Malaysia has 3K registered physical pharmacies, with only a few of them having an online presence. According to Dr. Tsong, in the last 2 years, the rising popularity of eCommerce, aided by the pandemic, has resulted in increasing demand for ePharmacies. How big do you think Malaysia's ePharmacy business will get in the following months?
Read More: The Edge Markets
Editor’s Choice []
Will Europe's Leading ePharmacy Shop Apotheke Double Sales in Less Than Five Years?
It took the company over 20 years to reach the €1B milestone, but Stefan Feltens, CEO of Shop Apotheke, aims to reach the next one faster. According to Feltens, the importance of ePrescription for the digitization of the German healthcare system and Shop Apotheke’s growth is crucial. Revenues reached €1B last year following the IPO. Now Feltens wants to attain the next billion in sales as quickly as possible. The epidemic provided a lift, but he believes that shoppers would have switched from physical to online anyway.
Read More: Handelsblatt [article in German]. Google Translate in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry
below:
eCommerce & Digital MKT Associate Dir., Bayer [🇨🇳]
More info: LinkedIn
eCommerce Senior Specialist, Medtronic [🇹🇷]
More info: LinkedIn
Conversion Optimization Manager, Shop Apotheke [🇩🇪]
More info: LinkedIn
eCommerce Lead, GSK [🇯🇵]
More info: LinkedIn
Analyst Digital Commerce Strategy & Planning, 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!
Where did the proprietor of Walgreens use to work before owning his first pharmacy?
Shoe Factory
Bakery
Hospital
Construction site
Scroll down to the end of this email to reveal the answer.
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🕵️ Send a confidential scoop to ePharmacy News: news@epharmacynews.com
The answer to this week’s quiz is: Shoe Factory. Charles R. Walgreen Sr. worked in a shoe factory before becoming a pharmacist, where he also lost part of a finger in an accident. Later in life, he worked as a pharmacy apprentice and eventually as a pharmacist.