- Trxade hosts a S2P (supplier to pharmacy) pharmaceuticals trading platform
- Over 10,500 registered pharmacies are listed on Trxade’s platform
- The company achieved record first quarter 2019 financial results driven by an increase in revenues
The proprietors of America’s independent pharmacies may well be cheering as the S2P (supplier to pharmacy) trading platform pioneered by Trxade Group Inc. (OTCQB: TRXD) swings into full gear, for its benefits extend to both trade and customers. The web-based platform not only identifies the best available prices for prescription drugs – a boon to patients – but helps pharmacists avoid negative reimbursement costs, which reduce profit margins. Over 10,500 pharmacies have already registered, and Trxade Group is hoping to convince most, if not all of the 24,000 independent pharmacies that its platform is a better deal when working with traditionally standalone group purchasing organizations (GPO) for secondary sourcing of prescription medication. The message appears to be getting a hearing. The company recently announced record first quarter 2019 financial results driven by an increase in revenues.
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…
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