5 Things in ePharmacy You Need to Know This Friday 09/09/22
5 Things in ePharmacy You Need to Know This Friday 09/09/22
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eCommerce [🇯🇵]
Is Amazon Planning to Enter the Japanese Rx Meds Sales Industry?
Amazon is contemplating the sale of Rx meds in Japan. This sale will begin next year, when ePrescriptions are permitted in Japan. According to its plan, the firm won't run its own pharmacies or keep stock. Instead, it would offer a distribution mechanism and enable small and medium-sized pharmacies to sell prescription medications online. We have to wait to see how successful this initiative will be.
Read More: Nikkei Asia
Financial Results [🇩🇪]
German-based Douglas Cosmetics Retailer and ePharmacy Boosted Its Profitability in Q3 ’22
In Q3 ‘22, Douglas grew revenues by over 30% to €830M, while the growth was around 35% on a like-for-like basis. Additionally, the company began to expand its pharma range in May, and as a result of the successful acquisition of Dutch ePharmacy Disapo, there are currently 11K non-Rx goods available. When compared to Q3 '21, eCommerce sales, which include those from the ePharmacy, climbed by 5.3% to €276M. Overall, online sales were +110% more than they were before the pandemic began.
Read More: Fashion United
eCommerce [🇺🇸]
Will Amazon Manage to Disrupt the Healthcare Industry with Its Prime Rx Service?
It appears that the healthcare industry is tough to disrupt, even for eRetail giant, Amazon. Additionally, synergies are challenging to develop in a market with so many vested interests that overlap. For example, although Amazon's Prime Rx promises to lower costs, people who have insurance that pays a portion of their Rx costs are unable to combine the two advantages. Additionally, Amazon's product range is currently surprisingly limited compared to its competitors.
Read More: Financial Times
Legislation [🇨🇳]
New Rules to Control the Online Sale of Illegal Meds Have Been Introduced by the Chinese State Administration for Market Regulation
The Chinese State Administration for Market Regulation has released new regulations for ePharmacies to control the unlicensed distribution of meds. The legislation makes it clear that certain pharmaceuticals can’t be sold online, including vaccines, blood products, drugs, psychotropics, radioactive drugs and hazardous drugs for medical use. ePharmacies and platforms should now modify their business plans and make them compliant with the new laws which are eligible starting December 1, 2022.
Read More: Views.ce.cn [article in Chinese]. Google Translate in English here.
Editor’s Choice [🇺🇸]
Which Are the Top US ePharmacies According to Forbes?
The editorial team at Forbes Health did the groundwork by carefully investigating well-known ePharmacies and examining their product offers. Based on membership costs and benefits, insurance acceptance, medication discounts, free shipping offerings, access to online pharmacists and customer support, and whether prescriptions are necessary, they claim that the top ePharmacies in the US for 2022 are the following: BlinkRx, Express Scripts Pharmacy, Rx Outreach, DiRx, Amazon Pharmacy, BioPlus, and SelectRx.
Read More: Forbes
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
B2B eCommerce Platform Specialist, Pierre Fabre [🇧🇪]
More info: LinkedIn
Account Manager - eCommerce, Perrigo [🇩🇪]
More info: LinkedIn
Global Digital Engagement Lead E2E, J&J [🇬🇷]
More info: LinkedIn
Digital Change Management Lead, Sanofi [🇫🇷]
More info: LinkedIn
Digital Shelf Manager, Bayer [🇩🇪]
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 NHS acronym stand for in the UK?
National Health Service
National Healthcare Supplier
Nottingham Hippie Society
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: National Health Service. The National Health Service (NHS) is the umbrella term for the publicly funded healthcare systems of the UK.