- Trxade
Group helps independent pharmacies identify the best supplier prices for
prescription drugs
- The
company’s trading platform allows independent pharmacies to stay informed
about up-to-the-minute pricing on a cost-effective basis
- Trxade
provides its services to pharmacies and consumers
An integrated pharmaceutical services company, Trxade Group Inc. (OTCQB: TRXD) offers an S2P
(Supplier to Pharmacy) market platform. The platform helps independent
pharmacies operating nationwide to identify the best available supplier prices
for prescription drugs. Trxade is the largest online pharmaceutical marketplace
platform in the United States. Per corporate data, the platform has been shown
to reduce a pharmacy’s total yearly purchase costs by 7-10 percent (http://ibn.fm/vMKt1).
Headquartered out of Land O’ Lakes, Florida, Trxade Group
brings pharmaceutical buyers and sellers together. The company’s strategy is to
use price analytics and supplier competition to pass considerable advantages
directly to its members. Its focus is on the best pricing and availability of
generic and branded pharmaceuticals. Trxade’s platform maintains a wide-ranging
generic and branded pharmaceutical portfolio that is accessible to community
pharmacies across the nation.
The Trxade platform allows a third of the approximately
24,000 independent pharmacies in the United States to keep abreast of
up-to-the-minute pricing on a cost-effective basis. Pharmacies pay no
membership or transaction fees for using the platform, which offers access to
numerous supplier sources. In addition, the platform has an easy layout for
price comparison and purchasing. Trxade Exchange also opens and expands
the distribution channel to retail and community pharmacies (http://ibn.fm/NwZid).
Trxade Group earns a transaction fee from sellers on the
trading platform. The company charges 5 percent on each transaction value for
generic drugs and 0.25 percent for branded drugs. Trxade Group also focuses on
the consumer side of the pharmaceutical industry, offering drug price
transparency and efficient buying. The company also facilitates delivery of
drugs directly to independent pharmacists and consumers, operating a
full-service mail order pharmacy for U.S. consumers. Furthermore, the Trxade
Group Delivmeds mobile app enables same-day home delivery of dispensed
prescriptions.
The company also offers RX Guru (http://ibn.fm/J7zmB). This
price-prediction model integrates product shortage insight into pharmacy
acquisition benchmarks to determine trends and pricing variances that could
result in major purchasing opportunities. Fundamentally, RX Guru provides its
members with an opportunity to benefit from real price-purchasing opportunities
that are often concealed from the rest of the industry.
With its proprietary technology and extensive database,
Trxade Group is poised to further penetrate its target market of independent
pharmacies and their $93 billion of annual purchases. For investors, the
company offers the potential for significant returns due to its low-risk,
high-return business model. With a strategy focused on adding new industry
sectors, such as hospitals, veterinarians and long-term care, Trxade Group
continues to advance its initiatives for organic growth.
For more information, visit the company’s website at www.TrxadeGroup.com
NOTE TO INVESTORS: The latest news and updates
relating to TRXD are available in the company’s newsroom at http://ibn.fm/TRXD
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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