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Trxade Group Inc. (NASDAQ: MEDS) is an integrated pharmaceutical services company that offers a unique combination of a web-based purchasing platform (www.trxade.com) for transactions between independent pharmacists and drug distributors (B2B); a network of pharmacies with E-Hub software; a mail order pharmacy; and warehouse and drug delivery services. This synergistic combination of product offerings and superior data analytics is poised to benefit all stakeholders and consumers within the pharmaceutical industry.
Trxade will leverage and scale its fully integrated model to execute the following growth strategies:
- Increase share of pharmacist drug purchasing
- Additional SKUs and expand product breath
- Partner with Specialty and International Mfg.
- Expand mail order licenses to all 50 states
- Scale Delivmeds for consumer delivery nationwide
- Integration with telemedicine
- M&A Opportunities within drug value chain
Founded in 2010 and headquartered in Tampa, Florida, Trxade’s overarching corporate strategy is to penetrate the existing retail independent pharmacy marketplace and diversify the company’s pharmaceutical mix with additional specialty and acute care products. Trxade is advancing on this mission by focusing on three key niches in the health care market.
Investment Considerations:
- Offers a proprietary web-based platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services
- Significant first-mover advantage over competitors operating similar e-commerce platforms
- Targeting the 24,000 U.S. independent pharmacies with combined pharmaceutical purchases of $93 billion per year
- Currently adding 100+ pharmacies per month to the TRxADE platform
- Revenue growth driven by increases in the number of registered users and increase in utilization rate of the trading platform
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