pharmacy

​Robotic technology used to smooth the distribution process.

Robotic technology used to smooth the distribution process at the new pharmacy; source: Now Healthcare Group

By Leontina Postelnicu August 17, 2018
Now Healthcare Group has set its sights on global expansion after opening a £1.5m tele-pharmacy that will create 30 new jobs in Liverpool. The new ‘super-hub’, which uses robotic technology to streamline the distribution process, is reportedly set to dispense around half a million prescriptions every month, providing support for people living with chronic conditions through the AI-powered Now...
Patient using a phone app to manage prescription
By Leontina Postelnicu August 16, 2018
Cambridge, England-based health tech company Healthera has raised $3.8 million (£3 million) in a Series A funding round led by Accelerated Digital Ventures, with participation from Cambridge Enterprise and Future Care Capital, to accelerate its expansion across the UK and ‘triple the size of [its] commercial force’, according to Managing Director Martin Hao. Healthera’s solution, already listed...
By Jonah Comstock April 3, 2018
Walmart is reportedly in talks to acquire PillPack, a New England-based virtual pharmacy with around $100 million in funding. According to CNBC, which broke the news, the retail giant is offering less than $1 billion for the startup. But the deal could still fall apart, CNBC's sources said. Founded in 2013, PillPack offers a virtual pharmacy experience for people who can't or would rather not...
Jeremy Hunt
By Leontina Postelnicu February 23, 2018
Hospitals will benefit from an extra £75m announced to speed up implementation of electronic prescribing systems, Health Secretary Jeremy Hunt said today on the BBC Victoria Derbyshire programme. A new review released by researchers from the Manchester, Sheffied and York universities found that 237 million errors occur ‘at some point in the medication process’ in England every year, although they...
By Jonah Comstock October 24, 2016
Sweden's largest private pharmacy, Apotek Hjärtat, has launched a virtual reality app on the Oculus Rift store. The app, called "Happy Place", is designed to use an immersive virtual world to distract patients from pain. "Apotek Hjärtat want to be at the forefront when it comes to offering products and services that can help people feel better," Annika Svedberg, head pharmacist at Apotek...
By Jonah Comstock August 31, 2016
Cardinal Health, an Ohio-based healthcare products and services company, has acquired TelePharm, an Iowa-based company which, among other things, uses telemedicine to connect pharmacists to patients. The sale price was not disclosed. The Des Moines Register broke the news.  TelePharm was founded in 2012. It raised one $2.5 million funding round in 2014, from venture capitalist John Pappajohn and...
By Jonah Comstock October 28, 2015
Higi is one digital health company that has a relationship with Rite Aid. Walgreens Boots Alliance will acquire Rite Aid for $9 a share, or a total of $9.4 billion, the companies announced yesterday. The merger represents a major consolidation in the drug store sector in the United States -- according to the Wall Street Journal, the combined marketshare of Walgreens and Rite Aid will be 46.5...
By Jonah Comstock August 20, 2015
Walgreens has redesigned its app for the first time in four years and, at the same time, released some interesting data about app usage stats. The new app maintains the same features as Walgreen's previous app, but is more proactive. When the user needs to refill a prescription, a prescription is ready for pickup, or when it's time for a user to take a pill, a message will pop up on the app's...
By Jonah Comstock October 9, 2014
PillPack, a direct-to-consumer mail order pharmacy that launched in February, has raised $8.75 million in funding. The round was led by Accel Partners, with additional participation from existing investor Atlas Venture, as well as High Line Venture Partners, QueensBridge Venture Partners, and individual investors Andy Palmer and David Tisch. “PillPack is a seamless service for medications,...
By Jonah Comstock August 12, 2014
Iowa-based TelePharm has raised $2.5 million from venture capitalist John Pappajohn and Bruce Rastetter, president of the Iowa state Board of Regents. The company, which is also a member of the Rock Health accelerator, will use the funds to scale its business, which connects pharmacists to one another and to patients via cloud-based mobile apps. "I think the pharmacists’ position is changing,"...