Integrated Pharma Supply Chain and Care Platform Trxade Group Inc. (TRXD) Aims to Raise $5 Million in IPO Nasdaq Bid

January 3, 2020 13:07:14
  • Trxade targeting all 24,000 independent pharmacies across the U.S., with total purchases of $93 billion a year
  • Company’s online platform currently has about 11,500 pharmacies as registered users and grows by roughly 100 users every month
  • Proceeds from IPO to be used as working capital and to fund future acquisitions

Business-to-business pharmacy services supplier Trxade Group Inc. (OTCQB: TRXD) intends to raise $5 million in an IPO of its common stock on Nasdaq, according to a Seeking Alpha report. The net proceeds will primarily be used as working capital and for general corporate purpose, as well as the possible acquisition of other companies, technology and products, the article says, underlining that the final amount raised under the IPO may differ (

Seeking Alpha also notes that Trxade Group is profitable and has grown from a small revenue base but warns against the risk of an unfocused approach given the company’s disparate operations that face tough competition. Trxade’s main focus is to operate an online pharmacy B2B marketplace for…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office

NetworkNewsWire is part of the InvestorBrandNetwork.