5 Things in ePharmacy You Need to Know This Friday 12/05/23
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5 Things in ePharmacy You Need to Know This Friday 12/05/23
Industry Updates [🇺🇸]
Kenvue, J&J's Consumer-Health Spinoff, Jumps 22% in Public Market Debut
Johnson & Johnson's subsidiary, Kenvue, went public on the New York Stock Exchange on May 4 under the ticker symbol KVUE. The pharmaceutical company offered 37.5 million shares of common stock at a price of $16 per share, raising $600 million in its initial public offering (IPO). Kenvue plans to use the funds raised to further develop its pipeline of treatments for autoimmune and inflammatory diseases, including a new drug for psoriasis. The IPO comes as Kenvue seeks to expand its presence in the biotech industry.
Read more: CNBC
Industry Updates [🇨🇭]
Zur Rose is Now Called Doc Morris
The online pharmacy Zur Rose has rebranded itself as DocMorris. The company, which is based in Switzerland, acquired the German online pharmacy DocMorris in 2012. The change of name comes as Zur Rose seeks to consolidate its position in the German market. The company plans to expand its product range and offer a range of health services alongside medication sales. DocMorris currently has around four million registered customers in Germany.
Read more: Pharmazeutische Zeitung [Article in German] . Google Translate in English here.
eCommerce [🇧🇪]
Risks of Buying Medication Online Highlighted by Belgian Health Authorities
Buying medicines online can be a bad idea, warns RTBF, Belgium's public broadcaster. The article highlights the risks involved in purchasing medication on the internet, including the possibility of obtaining counterfeit or expired products that could cause harm to one's health. RTBF also highlights the importance of consulting a healthcare professional before taking any medication and reminds readers that in Belgium, it is illegal to sell prescription drugs online without a prescription.
Read more: RTBF [Article in French] . Google Translate in English here.
eCommerce [🇧🇷]
Brazil: Online Sales of Irregular Products Grow 40%
The illegal online sale of healthcare products, including injectable medications, has increased by 40% in Brazil since the beginning of the COVID-19 pandemic, according to the Federal Police. The number of fraudulent websites offering such products has also increased, with some sites falsely claiming to be affiliated with legitimate pharmacies or even regulatory agencies. The sale of these illegal products poses a significant risk to public health and highlights the need for increased regulation and enforcement in the e-commerce sector.
Read more: Guia da Farmácia [Article in Portuguese] . Google Translate in English here.
Editor’s Choice 🌍
LifeMD and HealthWarehouse.com Partner in Exclusive Telehealth Agreement
LifeMD and HealthWarehouse.com announced an exclusive partnership to provide patients with direct access to a comprehensive suite of medical care services and pharmaceuticals at lower prices. Under the partnership, HealthWarehouse.com will become the exclusive fulfillment partner for LifeMD's prescription drugs, offering its 80,000 patients discounted prices on over 14,000 prescription drugs. The partnership aims to provide a better patient experience with fast delivery of medications and telehealth services.
Read more: Yahoo Finance
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Sr. Digital Strategy Manager, Bayer [🇨🇳]
More info: LinkedIn
Director of Supply Chain, Recipharm [🇸🇪]
More info: LinkedIn
Campaign Manager, A&D Pharma [🇷🇴]
More info: LinkedIn
Shopper & Trade Marketing Lead, Sanofi [🇪🇬]
More info: LinkedIn
Digital Marketing Manager, KRKA [🇨🇿]
More info: LinkedIn
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