November 30, 2020
The back half of November saw two special purpose acquisition companies (SPACs) announce merger agreements valued at more than $1 billion.
First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. The company's common...
November 17, 2020
Retail giant Amazon is building up its foothold in the digital pharmacy space by rolling out Amazon Pharmacy, a new digital shop that lets customers order and manage their prescription medications online and get them delivered at home.
Patients can access the new store via the Amazon App or on a desktop. They can create a profile, which includes information like insurance and prescription...
November 16, 2020
Home-delivery pharmacy AllianceRx Walgreens Prime is jumping into the oncology space with its new clinical assessment feature that lets cancer patients digitally manage their self-administered therapies.
Specifically, the new feature lets patients with oncology conditions refill their prescriptions online as opposed to over the phone. The way it works is patients can log in to their account and...
August 31, 2020
GoodRx, an online pharmacy platform for low-cost prescriptions and price comparisons, filed SEC documents seeking to go public on Nasdaq Friday.
Founded in 2011, GoodRx made its name with a platform and mobile app that lets self-paying customers compare medication prices and discounts. Users can bring a printed or digital coupon to major pharmacies when ordering their prescriptions. The platform...
July 30, 2020
D2C wellness and telehealth startup Hims & Hers is looking to cut down the time between medication orders and delivery for certain customers.
Thanks to a newly announced partnership, patients receiving virtual primary care services through Hims & Hers may choose to select Alto as their preferred pharmacy for prescription deliveries. They will have their orders fulfilled automatically ...
July 20, 2020
NowRx, an online pharmacy that specializes in same-day, same-hour prescription deliveries – wrapped up a $20 million Series B funding round, again through crowdfunding platform SeedInvest. The company said this brings its total raise to $30 million.
NowRx combines proprietary pharmacy management software with last-mile logistics to provide a consumer app that simplifies orders and ensures prompt...
July 14, 2020
This morning digital pharmacy Medly announced the close of a $100 million Series B funding round. The new infusion of cash was led by Volition Capital and Greycroft with participation from Horsley Bridge and Lerer Hippeau.
This comes roughly a year after the New York-based company announced the close of its Series A funding round, which was also led by Greycroft, for an undisclosed amount.
April 18, 2020
Boots, the UK’s largest pharmacy-led health and beauty company, has announced the new stage in the digitisation of its pharmacy service with digital healthcare provider LIVI. The partnership will trial a new online video-consultation platform that connects GPs and Boots’ pharmacists, enabling professionals to provide advice to patients in a safe way through the LIVI app.
WHY IT MATTERS
March 17, 2020
Yesterday a new digital pharmacy launched, dubbed Genius Rx. The new platform will include an artificial intelligence enabled patient engagement tool, which aims to make the experience more personalized, as well as a smart pricing function.
In part, the company said this is an effort to rebrand and automate Mailmyprescriptions.com, which will now be rolled into its pharmacy-as-a-service platform...
January 30, 2020
Alto, a digital pharmacy and drug delivery company, will announce next week the close of a $250 million Series D funding round headed by SoftBank’s Vision Fund 2, Reuters and others reported this morning. Greenoaks Capital, Jackson Square Ventures and other prior backers also participated in the round.
This round would bring Alto’s total raise to more than $350 million, and its valuation to more...