- Pharmaceutical industry services provider Trxade Group Inc. presented an overview of the company’s structure and strategy at this month’s LD 500 invitational microcap investor summit
- The investor summit was a virtual gathering place during the ongoing pandemic, providing brand and industry information through webcasts to more than 20,000 attendees representing hundreds of companies
- Trxade Group is dedicated to helping its growing network of independent pharmacies compete with big box chains through a supply chain trading platform that delivers transparent product pricing and availability information
- Trxade Group is also developing its nascent B2C operations with Telehealth services that link home-bound or office-bound patients to board-certified physicians in a low-cost model
A Kaiser Family Foundation (“KFF”) poll conducted last year found that 24 percent of its respondents had difficulty affording prescription drugs and 29 percent of all adults reported not taking their medicines as prescribed during the previous year because of the cost, relying instead on strategies such as not filling a prescription, taking an over-the-counter drug instead, or cutting pills in half or skipping a dose (http://nnw.fm/AHsjL). As the COVID-19 pandemic was just beginning to explode on American soil this spring, The Hill reported 34 million people knew at least one friend or family member who died in the last five years because they could not afford the medication to treat their condition (http://nnw.fm/MZvj9).
The pandemic has made access to reasonably priced medicine and medical supplies more critical than ever as people seek ways to maintain their care while limiting their exposure to infection from a potentially deadly new virus. Before the virus even appeared on the international scene, pharmaceutical supplies and…
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