5 Things in ePharmacy You Need to Know This Friday 14/10/22
Business Expansion [🇭🇺]
Czech ePharmacy Pilulka Introduces Its Services to the Hungarian Market
Pilulka, a Czech ePharmacy with the objective of becoming the #1 ePharmacy and the best mobile pharmacy ever, has officially announced its entry into the Hungarian pharmaceutical sector. The company will begin with 6,000 products and will increase its offering to tens of thousands of the most popular products, as it does in the Czech Republic and Slovakia. Furthermore, the ePharmacy is already planning to enter the Austrian market. When do you think this expansion will take place?
Read More: CzechCrunch [article in Czech]. Google Translate in English here.
eCommerce [🇮🇹]
A Continuously Rising Number of Italian ePharmacies Join the Online Sales of OTCs
As of September 30th, 1.404 Italian ePharmacies approved the online selling of OTC medicines. The number of approved ePharmacies selling OTC drugs continues to rise fast, with the first nine months of 2022 seeing an increase in the number of them. Compared to 2021, +73 ePharmacies have been granted permission to sell OTCs online. Additionally, not all businesses that request and obtain authorization, actively engage in online sales activities.
Read More: Farmacia Virtuale [article in Italian]. Google Translate in English here.
New Research [🇲🇽]
Mexico’s Online Medicine Business is Booming According to Mexican Foundation of Health
According to the Mexican Foundation for Health (FUNSALUD) various initiatives are still required to promote online medicine in Mexico. Additionally, the study of FUNSALUD indicates that digitizing a pharmacy is not too expensive because there are now options on the market for the logistics and distribution of health products in several markets, both of which reduce costs. Similarly, it emphasizes that while shopping in Mexican ePharmacies, consumers feel confident and secure.
Read More: Marketing4eCommerce [article in Spanish]. Google Translate in English here.
Funding [🇮🇳]
Indian ePharmacy PharmEasy Prepares to Raise $91.1M Through Convertible Notes
Indian-based ePharmacy PharmEasy has begun its shares offering to raise up to $91.1M in convertible notes. Existing investors like Prosus Ventures and Temasek, as well as the company's founders, have subscribed to the issuance for shares worth around $24.3M. Prosus Ventures and Temasek have both purchased convertibles valued at around $12.2M and $10.9M, respectively. PharmEasy's unaudited revenue predictions for FY22 have jumped by 50% over the previous fiscal year.
Read More: Economic Times
Editor’s Choice [🇧🇪]
Will ePharmacy Newpharma's New Distribution Center Aid the Company's Expansion into Northern Belgium?
The Belgian ePharmacy Newpharma has opened a new distribution center in Liège. Colruyt Group's acquisition of the company last year increased its ambitions, both domestically and internationally. The new distribution center is 20,000 sqm in size, with a maximum possible expansion size of 50,000 sqm. Currently, although the ePharmacy may be the market leader in the French-speaking part of Belgium, Farmaline is the market leader in the north. Do you believe the new distribution hub will shift the balance between the 2 rivals?
Read More: Retail Detail
Manufacturers & Retailers Hiring Now:
Discover actively recruiting positions in the ePharmacy Industry below:
eCommerce Business Analyst - Pharma & Healthcare, IQVIA [🇩🇪]
More info: LinkedIn
eCommerce Key Account Manager, Sanofi [🇰🇷]
More info: LinkedIn
Digital Engagement Lead, J&J [🇬🇷]
More info: LinkedIn
Digital Campaign Coordinator, Roche [🇭🇺]
More info: LinkedIn
Omnichannel Marketer, Pfizer [🇧🇪]
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!
Which famous US pharmacy chain acquired Drugstore.com, the country's first ePharmacy offering a safe, secure service for consumers?
CVS Health
Amazon Pharmacy
Walgreens
Rite Aid
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: Walgreens. Drugstore.com was acquired by Walgreens for $409 million in March 2011. Walgreens said it would shut down Drugstore.com and Beauty.com at the end of September, 2016, to focus on its own Walgreens.com website.