5 Things in ePharmacy You Need to Know This Friday 19/05/23
5 Things in ePharmacy You Need to Know This Friday 19/05/23
eCommerce [🇺🇸]
IQVIA Report Assesses The Impact of Illegal Online Pharmacies in the USA
According to a recent IQVIA report, illegal online pharmacies pose significant risks to public health and the pharmaceutical industry. The report assesses the impact of these illicit operations, highlighting concerns such as counterfeit medications, compromised patient safety, and financial losses for legitimate businesses. It emphasizes the need for collaborative efforts among government agencies, healthcare organizations, and technology platforms to combat this growing issue. The report also underscores the importance of educating consumers about the dangers of purchasing medications from unverified online sources to ensure public safety and the integrity of the pharmaceutical supply chain.
Read more: Drug Store News
Industry Updates [🇺🇸]
The DEA Extends Telemedicine Prescription Waivers for Uninterrupted Medication Access in the USA
The Drug Enforcement Administration (DEA) has announced a six-month extension of waivers allowing healthcare providers to prescribe controlled substances via telemedicine. The move aims to guarantee continued access to essential medications amid the ongoing COVID-19 pandemic. Originally implemented as a temporary measure, the extended waivers provide healthcare professionals with flexibility in delivering remote care while adhering to regulations and maintaining patient safety. This decision recognizes the crucial role telemedicine plays in ensuring convenient and secure healthcare services, particularly in challenging times.
Read more: Health Leaders
eCommerce [🇨🇭]
Galenica Launches Attack on Migros in the Swiss ePharmacy Landscape
In a bid to challenge Migros, major Swiss retailer Galenica, is launching a new online pharmacy. The move aims to capture a share of the growing e-commerce market for pharmaceutical products. Galenica's online pharmacy will offer a wide range of medications, health products, and expert advice, targeting consumers seeking convenient and reliable healthcare solutions. This strategic maneuver reflects the increasing competition in the online pharmacy sector, highlighting the significance of digital platforms in meeting evolving consumer demands.
Read more: SRF [Article in German] . Google Translate in English here.
What’s New [🇮🇳]
Indian PharmEasy Valuation Slashed, Logs positive EBITDA
PharmEasy, a prominent online pharmacy platform in India, has experienced a substantial decrease in its valuation, dropping to $2.8 billion from its previous estimate of $5.6 billion. Nevertheless, PharmEasy has achieved a significant milestone by logging EBITDA profitability. The news also sheds light on Paytm's loan business, unraveling key insights into its operations. This adjustment in PharmEasy's valuation underscores the shifting landscape of the online pharmacy sector and the hurdles faced by industry players in attaining sustainable growth and profitability.
Read more: The Economic Times
Editor’s Choice 🌍
❌ This article has been deleted by the editor after it referred to an illegal online pharmacy.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Head of eCommerce, Stada [🇩🇪]
More info: LinkedIn
Product Manager, Johnson & Johnson [🇧🇪]
More info: LinkedIn
Site Supply Chain Head, Novartis [🇸🇮]
More info: LinkedIn
Business Consultant, Boehringer Ingelheim [🇩🇪]
More info: LinkedIn
Product Specialist, Viatris [🇭🇷]
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