5 Things in ePharmacy You Need to Know This Friday 22/10/21
5 Things in ePharmacy You Need to Know This Friday 22/10/21
Financial Results [🇬🇧]
UK’s Boots eCommerce Sales Skyrocket with a Whooping 54% Increase
As the COVID-19 pandemic has begun to recede, Boots has recorded an astonishing rise in sales. Boots' general sales increased by 15% YoY during Q4, yet they remain below pre-pandemic levels. When it comes to eCommerce sales, a 54% rise was reported in the year ending August 31. During Q4, online sales doubled vs pre-pandemic levels, with beauty products accounting for over 50% of this boom. As it appears, Boots' latest partnership with Deliveroo is already paying off.
Read More: Chemist and Druggist | Retail Gazette
Funding [🇩🇪]
How Can Small-scale Pharmacies Access the eCommerce Ecosystem in Europe?
Mayd, a German startup, is establishing a European medicine delivery platform in partnership with the small-scale pharmacies that are the norm on the continent, leveraging the way the pandemic has generally boosted demand for on-demand delivery. The recently founded company has received $15M in seed funding for fulfilling its objective of delivering medications to Europeans' homes quickly, specifically within 30 minutes. What do you think the outcome of this initiative will be?
Read More: Techcrunch
eCommerce 🌎
Who will Pay for ePharmacy Services in This Constantly Changing Medication Space?
Consumer-focused ePharmacies are constantly increasing in numbers, allowing consumers to receive treatment and order medications online. As more integrated platforms for telehealth and online purchases are being provided to the public by ePharmacies, there is no official statement of who pays for them. For the time being, it appears that each ePharmacy may make its own decision when it comes to the way payment will be completed, but the Rx sector is likely to alter to focus more on the patient's well-being.
Read More: Mobi Health News
Financial Results [🇩🇪 🇨🇭]
Shop Apotheke’s Strong +21.6% Growth for the First 9-Months of 2021
Shop Apotheke, one of Europe's leading ePharmacy, boosted its sales by 9.8% to €772M in the first nine months of 2021. In fact, everything but Rx increased by 21.6% within the same time period. The Management Board of the company anticipates sales growth of 10% to 15% for the full year 2021, with an adjusted EBITDA margin of about break-even. Will ePrescription actually help boost Rx sales the following year?
Read More: Shop Apotheke
Editor’s Choice [🇫🇷]
What is the Latest Threat French ePharmacies are Facing?
Despite the fact that French eCommerce has grown significantly in recent months, clients prefer physical French pharmacies to ePharmacies since they may not have identified a suitable offer on the internet, making France the perfect market for ePharmacies from other countries. As EU ePharmacies may now advertise in France, they have developed a comprehensive marketing and sales plan to attract new customers and exploit the market gap. Can French ePharmacies keep up with this highly competitive market?
Read More: What’s Up Doc [article in French]. Google Translation in English here.
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry
below:
Digital Commerce Marketing Specialist, Thermo Fisher Scientific [🇨🇳]
More info: LinkedIn
Digital Product Owner - eComm & MKT, Sanofi [🇺🇸]
More info: LinkedIn
Senior eCommerce Manager, J&J [🇬🇧]
More info: LinkedIn
Digital Marketing & E-Commerce Specialist, Perrigo [🇦🇺]
More info: LinkedIn
E-Commerce Marketing Manager, Shop Apotheke [🇩🇪]
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 widely used product has its origins in antiseptic products used in hospital?
Toothpaste
Shampoo
Hands Antiseptic
Listerine
Scroll down to the end of this email to reveal the answer.
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🕵️ Send a confidential scoop to ePharmacy News: news@epharmacynews.com
The answer to this week’s quiz is: Listerine. Joseph Lister, was an English doctor and surgeon who believed in the concept of using sterilization and antiseptics in the operating room. Because of this practice, more patients survived surgeries and countless infections were prevented. Dr. Joseph Lawrence, the inventor of Listerine took this idea and used it to create a product that could kill germs in your mouth the same way.