5 Things in ePharmacy You Need to Know This Friday 28/04/23
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5 Things in ePharmacy You Need to Know This Friday 28/04/23
eCommerce [🇺🇸]
Amazon Pharmacy's Chief Medical Officer: RxPass & Coupons Driving Growth
According to Chief Medical Officer of Amazon Pharmacy, Vin Gupta while Amazon has experienced double-digit growth over the past year, it still has work to do to make providers aware of its services. Gupta also stated that RxPass, Amazon's generic meds subscription for Prime members, is a step in the right direction toward meds transparency and affordability, especially for people who might not have robust healthcare coverage. Additionally, RxPass and manufacturer coupons have both contributed to the company's success.
Read More: Healthcare Dive
Legislation [🇨🇳]
China Cracks Down on ePharmacies: Meituan, JD.com & Pinduoduo Among Those Named for Selling Unlicensed Meds
The Chinese State Food and Drug Administration has named multiple ePharmacy platforms, including Meituan, JD.com, and Pinduoduo, for selling meds without a license. With revenues in China's ePharmacy business hitting $5.7B in 2021, a YoY rise of 51.49%, the market for online meds has developed tremendously. A total of over 300K fines have been assessed for breaking the "Drug Administration Law" provisions. To regulate the market for online meds sales, the government has now demanded tougher control procedures.
Read More: Sina [article in Chinese]. Google Translate in English here.
New Research [🇪🇸]
Digital Divide in Spanish Pharmacy Industry with Only 3.2% of Pharmacies Have Online Presence
The Spanish Agency for Medicines and Pharmaceutical Products (AEMPS) reports that just 711 out of Spain's 22,261 pharmacies have an online presence. Consumers continue to rely on physical pharmacies for their meds, changing purchasing patterns brought on by the pandemic. ePharmacies made €242.5M in revenue in 2022, a 24.8% decrease from 2021, while eParapharmacies had a 32.2% increase to €37.2M. A small minority of consumers who purchase self-care goods online typically combine online and in-store purchases.
Read More: elEconomista [article in Spanish]. Google Translate in English here.
Legislation [🇬🇧]
LloydsPharmacy Shared Sensitive Customer Data with Facebook and TikTok for Targeted Advertising
Without specific permission, the UK-based LloydsPharmacy has shared consumer data for targeted ads with Facebook and TikTok. The Guardian and Radio Sweden investigated the practice and found that while over 200 pharmacies in Europe may be sharing individually information to social networks, only Lloyds was sending private medical data. The effectiveness of Facebook's filter for identifying and erasing this information is unknown, and the UK Information Commissioner's Office has said that data processing for marketing purposes must adhere to data protection rules.
Read More: The Guardian
Editor’s Choice [🇿🇦]
Netcare Hospitals in South Africa Launch Groundbreaking ePrescription System to Enhance the ePharmacy Ecosystem
With the introduction of ePrescriptions by Netcare hospitals in South Africa, possible mistakes resulting from poor readability have been eliminated. eMedical records are also integrated, enabling further interaction with other digital systems. By working with pharmacies around the country, Netcare has made it possible for patients to use My Netcare Online to choose the pharmacy they want to fill their prescriptions. The most recent advancement in patient-centered healthcare is ePharmacy e-scripting, which is establishing the benchmark for future delivery of the safest levels of care.
Read More: Biz Community
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Digital Product Owner Logistics, Sanofi [🇪🇸]
More info: LinkedIn
Digital Campaign Specialist, Roche [🇭🇺]
More info: LinkedIn
Global eCommerce Lead, Viatra [🇮🇹]
More info: LinkedIn
Digital Specialist, Bayer [🇪🇸]
More info: LinkedIn
eCommerce Marketing Project Manager, Tamro Baltics [🇱🇹]
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!
When were the first pharmacies established in Baghdad?
9th century
Islamic middle ages
Islamic Golden Age
None of the above
Scroll down to the end of this email to reveal the answer.
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The answer to this week’s quiz is: Islamic Golden Age. The first drug stores or pharmacies in Baghdad were founded in 754, during the Islamic Golden Age, by the Abbasid Caliphate. These pharmacies were state-regulated by the ninth century.