5 Things in ePharmacy You Need to Know This Friday 26/1/24
5 Things in ePharmacy You Need to Know This Friday 26/1/24
eCommerce [🇺🇸]
Decoding CVS Pharmacy's App Success: A Business Model Overview
CVS Health's triumph, projected to exceed $366 billion in 2024, is powered by its adaptable pharmacy app. Driving growth in retail, pharmacy services, and healthcare benefits, the app's features like prescription management contribute to CVS's dynamic success. Entrepreneurs can glean valuable insights from CVS's strategies to navigate the complexities of the online pharmacy market and create thriving ventures.
Read more: Medium
What’s New [🇬🇧]
The UK Competition and Markets Authority Probes Online Pharmacy Merger Amid Antitrust Concerns
The UK Competition and Markets Authority (CMA) has initiated an investigation into an online pharmacy merger due to potential antitrust issues. Concerns about reduced competition and potential negative impacts on consumers prompt the scrutiny. The CMA aims to ensure fair market practices and protect consumer interests in the evolving landscape of online pharmaceutical services.
Read more: Insider Media
Country Insights [🇮🇹]
eCommerce Growth in Italian Pharmacy: Opportunities and Challenges
IQVIA's data shows Italy's pharmacy eCommerce thriving, with a 20.3% increase, reaching €913 million in 2023, outpacing physical stores. While the global eCommerce market grew to €54 billion, Italy lags major economies. Despite European giants like DocMorris and RedCare Pharmacy showing signs of progress, over 1,400 Italian online pharmacies struggle. This hinders new market entrants, as unclear monitoring and undervaluation pose challenges for potential businesses seeking to sell their online ventures.
Read more: Pharmacy Scanner [Article in Italian]. Google Translate in English here.
What’s New [🇬🇧]
The General Pharmaceutical Council Chief Defends Online Pharmacy Guidance Amid BBC Exposé
The General Pharmaceutical Council (GPhC) chief affirms the clarity of online pharmacy guidelines following a BBC exposé, addressing concerns raised. Despite the investigation, GPhC remains committed to upholding stringent safety and regulatory standards for pharmacies across the UK. The steadfast dedication aims to reassure the public, emphasizing the ongoing efforts to ensure the integrity and safety of online pharmaceutical services in the face of evolving challenges and scrutiny.
Read more: Pharmacy Magazine
Editor’s Choice 🌍
Navigating Online Med Purchases from Mexico and Canada: A Guide for Americans
Online medication purchases from Canada and Mexico are legally complex. Importing is generally illegal due to safety concerns and FDA standards. Exceptions exist for non-serious conditions or unavailability in the U.S. Visitors can bring medications with proper documentation. Verifying online pharmacies requires checking licenses, prescriptions, addresses, and licensed pharmacists for legality and safety.
Read more: Medical xPress
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Brand Manager Prescription & Aesthetic Dermatology, Galderma [🇳🇱]
More info: LinkedIn
Business Execution Manager, Novartis [🇩🇪]
More info: LinkedIn
Scrum Master, Takeda [🇸🇰]
More info: LinkedIn
IT Senior Buyer, Menarini [🇮🇹]
More info: LinkedIn
Junior Category Manager, Boehringer Ingelheim [🇩🇪]
More info: LinkedIn
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