5 Things in ePharmacy You Need to Know This Friday 11/03/22
5 Things in ePharmacy You Need to Know This Friday 11/03/22
New Tech [🇺🇸]
BOOM: CVS Files Patent to Sell Goods in the Metaverse!
The US-based CVS Health, which recently announced the closing of 900 physical stores, has filed for a trademark that would allow the offering of products and services in the metaverse. The firm aspires to offer downloadable virtual goods that range from Rx medications to cosmetics and personal care products. The company also aims to move some of its in-store health services, such as non-emergency medical treatment, wellness programs and nutrition advisory services to a virtual setting.
Read More: Healthcare Finance
Financial Results [🇩🇪]
German-based ePharmacy Shop Apotheke Surpasses €1B Sales in 2021 But With Losses
The German ePharmacy Shop Apotheke ended fiscal year 2021 with total sales of €1.06B, up 9.5% from the previous year. Sales of everything excluding Rx meds increased by 22.5%. Different product and country combinations, as well as one-offs owing to corona-related items, all contributed to higher gross margins. The company now strives to increase revenue growth for the current year after a successful start in 2022.
Read More: Shop Apotheke [article in German]. Google Translate in English here.
New Research [🇷🇺]
The Russian Online Pharmacies Sector Surges with a +53% Increase in Sales during 2021!
In 2021, online sales of pharmaceuticals in Russian ePharmacies soared by 53% over the previous year, with a total volume of ₽210B incl. VAT. By the end of 2021, online sales had accounted for 13.4% of total Russian pharmaceutical retail sales, including parapharmaceutical sales. Big online pharmacy corporations realized that technology-related market developments could not be prevented, therefore they rushed online and invested heavily in this direction.
Read More: Retail & Loyalty [article in Russian]. Google Translate in English here.
eCommerce [🇮🇹]
Italian ePharmacy Farmaè Enters the Veterinary Products Market!
Italian ePharmacy Farmaè, enters the veterinary products market, which are added to a range of 55,000 items intended for humans. The company will now sell traditional veterinary products online, usually sold in pharmacies and parapharmacies and products distributed by specialized retailers, like food, accessories, leashes, and hygiene products. The move into the pet market is part of a bigger expansion plan for the company, which reported revenues of €108.5M in 2021, up 17% compared to the previous year.
Read More: Distribuzione Moderna [article in Italian]. Google Translate in English here.
Editor’s Choice [🇺🇸]
US-based Walgreens Shoots to Strengthen its Presence with New On-Demand Delivery Partnership
Walgreens plans to extend its on-demand delivery services through a partnership with Shipt, an online marketplace that specializes in home delivery. In an announcement, the business claimed that OTC medications, cosmetics, personal care and convenience items will be available on Shipt. As last-mile delivery becomes the hottest topic in the eCommerce world this year, more and more online pharmacies are joining the fray. We'll simply have to wait and see who comes out on top!
Read More: Healthcare Finance
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
eCommerce Analyst, Roche [🇺🇸]
More info: LinkedIn
eCommerce Specialist, Perrigo [🇳🇱]
More info: LinkedIn
Digital Commerce Manager, GSK [🇵🇱]
More info: LinkedIn
Global eCommerce Lead, Sanofi [🇫🇷]
More info: LinkedIn
eCommerce Category Manager, J&J [🇸🇪]
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!
Which of the following soft drinks was not invented by a pharmacist?
Coca-Cola
Pepsi
Dr. Pepper
Mountain Dew
Scroll down to the end of this email to reveal the answer.
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The answer to this week’s quiz is: Mountain Dew. Although pharmacists developed Coca-Cola, Pepsi, and Dr. Pepper, Mountain Dew was created by two brothers who couldn't find their favored soda to blend with booze, especially whiskey, in Knoxville.