5 Things in ePharmacy You Need to Know This Friday 07/07/23
What’s New [🇺🇸]
Mark Cuban's Online Pharmacy Venture Aims to Reduce Drug Costs in the USA
According to an analysis of approximately 1,000 brand-name drugs, the sticker price of medicine has risen every year in recent memory. But at the same time, net prescription drug prices — the sticker price minus PBM funny business — have actually declined for five consecutive years. Add the plague of high inflation, and real drug costs dropped by nearly 9% in 2022. Real-world examples mirror what the data suggests. Mark Cuban’s new venture is a prime example of how the free market — unabated by middlemen and flush with transparency — can deliver medicine to patients at lower prices.
Read more: The Washington Times
eCommerce [🇮🇳]
The Harsh Reality for Online Pharmacies and Healthtech Platforms in India
The thriving online pharmacy and healthtech sector is facing a harsh reality as numerous platforms struggle to maintain financial viability. Mounting losses, regulatory challenges, and intense competition have resulted in substantial financial losses. Investors are becoming cautious due to the uncertain future of the sector. Factors such as low customer retention and the high cost of acquiring users have exacerbated the situation. Companies in this industry must navigate these challenges in order to survive and succeed in the ever-changing healthcare landscape.
Read more: Forbes India
What’s New [🇷🇴]
Biggest Online Pharmacy in Czech Republic Exits Romania
In a surprising move, the largest online pharmacy in Czech Republic has announced its withdrawal from the Romanian market. This unexpected decision has sent shockwaves through the industry, leaving customers and competitors bewildered. The pharmacy's exit raises questions about the underlying reasons behind the move, such as regulatory challenges or shifting business strategies. As the Romanian market adjusts to this significant change, stakeholders eagerly await further developments and their potential impact on the local pharmaceutical landscape.
Read more: Profit.ro [Article in Romanian] . Google Translate in English here.
eCommerce [🇨🇿]
Online Supermarket Košík.cz Forms Partnership with Online Pharmacy Dr. Max
Leading online supermarket Košík.cz has announced a strategic collaboration with Dr. Max, a prominent online pharmacy chain. This partnership aims to provide customers with a seamless shopping experience by integrating pharmaceutical products into Košík.cz's platform. The move comes as both companies recognize the growing demand for convenient, one-stop shopping solutions. By joining forces, they seek to expand their customer base and cater to evolving consumer needs in the digital age.
Read more: Dopravní Noviny [Article in Czech] . Google Translate in English here.
Editor’s Choice 🌍
PharmaPets Online Pharmacy: 30% of Revenue Comes from Subscriptions
PharmaPets, a leading pet pharmacy, has revealed that 30% of its revenue stems from subscription-based services. The company's innovative approach allows pet owners to receive regular deliveries of essential medications and products, ensuring convenience and peace of mind. This subscription model has resonated with customers, leading to significant growth and a loyal customer base. PharmaPets' success highlights the growing trend of subscription-based business models within the pet care industry.
Read more: Retail Detail [Article in French] . Google Translate in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
Demand Planner Regional, Bayer [🇪🇸]
More info: LinkedIn
SSO Site Partnership Manager, Novartis [🇭🇺]
More info: LinkedIn
Supply Planner, Perrigo [🇧🇪]
More info: LinkedIn
Business Analyst, Takeda [🇸🇰]
More info: LinkedIn
Data Analyst, Sanofi [🇭🇺]
More info: LinkedIn
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