Integrated pharmaceutical logistical services company Trxade Group (OTCQB: TRXD) hosts a
supplier-to-pharmacy (“S2P”) pharmaceuticals trading platform that is helping
pharmacists protect their profit margins by evading negative reimbursement
costs. An article discussing Trxade Group reads, “In the vast economic sector
that is the U.S. pharmaceutical industry — $330+ billion a year — proprietors
of independent pharmacies, many of whom are constrained in terms of time and
resources, run $3.5 million-per-annum operations while struggling to maintain
margins. In the past, they have turned to GPOs and other sourcing programs to
reduce the purchase cost of drugs, which the GPOs were supposed to accomplish
through the consolidation of buying power. The proof of the pudding, however,
is in the eating. Over the past decade, independent pharmacies have been
experiencing declining margins due to rising fees and reduced reimbursements
from pharmacy benefit managers (PBMs) and volatility in drug costs.”
To view the full article, visit http://ibn.fm/jD9YU
About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group is an
integrated pharmaceutical logistical services company that combines a web-based
purchasing platform for transactions between independent pharmacists and drug
manufacturers, E-Hub with a mail-order pharmacy, warehouse and drug delivery
services for consumers nationwide. The company has over 10,250 registered
independent pharmacies on the web-based market platform, which enables the
pharmacies to quickly and cost effectively source and purchase pharmaceuticals,
accessories and services from a wide range of manufacturers and drug
distributors. 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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