New Research [🇲🇽]
Mexican ePharmacies Could Save US Citizens Up-to $1K Per Year Due to Their Cheaper Prices!
According to a recent study, thousands of Americans travel to Mexico for cheaper pharmaceuticals. This is also true for online medications, which are 40% less expensive than those sold in the US. According to the US Food and Drug Administration, customers can purchase medications from Mexico and have them distributed to them in the US, if they are for personal use. The study also showed that US customers might save more than $1K per year by purchasing Rx meds online from Mexican ePharmacies.
Read More: El Paso Matters
Funding [🇺🇸]
US-Based Capital Rx Receives $106M to Boost JUDI Its Unifying ePharmacy Platform
US-Based pharmacy benefits Capital Rx has secured a $106M Series C fund to improve and expand its ePharmacy platform. Capital Rx's mission is to not just reduce the costs, but also to design the electronic infrastructure to process claims, with JUDI, a platform for claims adjudication, authorization, data interchange, claims reporting, invoicing and payment. It supports faster and more effective prescription processing for its users by facilitating real-time communication across physicians, pharmacists, patients, and insurers.
Read More: MedCityNews
eCommerce [🇿🇦]
Is African BusyMed Set to Disrupt the ePharmacies Industry with Its ePharmacy App?
African BusyMed, strives to provide exceptional, affordable healthcare to everyone, via their app. The company plans to feature 250 established pharmacies from all 9 provinces across Africa. Presently it handles 50-60 unique orders per day, with the recent onboarding of over 250 pharmacies projected to increase this to 200-300 orders. According to the start-up's Managing Director, the new digital era necessitates a collaboration and a patient-centric approach to maintain a viable pharma business model.
Read More: iAfrica
New Alliance [🇮🇳 🇬🇧]
Will India's Reliance Bid to Acquire Boots Pharmacy in the United Kingdom?
India-based Reliance and Apollo Global Management, are planning to make a £5B bid for UK-based Boots, with Walgreens Boots Alliance retaining an undefined minority interest as part of the sale. Reliance Industries is planning to enter the pharmaceutical and cosmetics retail market by acquiring this UK-based pharmacy. Boots has been expanding in both the online and offline channels, with the first's sales increasing by 60% compared to pre-Covid levels and now accounting for more than 15% of total retail sales.
Read More: The Federal
Editor’s Choice [🇧🇷]
Brazilian Raia Drogasil Boosts Its Last-Mile Delivery Through a Partnership with Uber!
Brazilian Raia Drogasil and Uber have partnered to provide speedy deliveries via Uber Direct, a solution that leverage Uber's driver and delivery partner base to establish a network of same-day deliveries. The pharmacy chain now depends on all of Uber's technology for better integration at these sites in order to automate, expedite, and accelerate its delivery services. As online sales grow, in S1 2022, 10% of sales were made through digital channels, with Buy and Collect orders accounting for 52% of those.
Read More: eCommerce Brasil [article in Portuguese]. Google Translate in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Amazon eCommerce Project Manager, GSK [🇫🇷]
More info: LinkedIn
Digital Shelf Lead, Syndication and Content Readiness, J&J [🇺🇸]
More info: LinkedIn
eCommerce Manager, Beiersdorf [🇩🇪]
More info: LinkedIn
Head of eCommerce, Perrigo [🇮🇹]
More info: LinkedIn
Global Business Intelligence Lead eCommerce & Systems Capabilities, Sanofi [🇩🇪]
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!
What does the oldest pharmacy, which is located in Italy, house nowadays?
Bank
Pharmacy museum
Perfume museum
Nothing, the building was demolished
Scroll down to the end of this email to reveal the answer.
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
The answer to this week’s quiz is: Perfume Museum. The oldest pharmacy is said to have been established in 1221 in Florence, Italy, in the Church of Santa Maria Novella, and now houses a perfume museum.