- The nation’s 24,000 independent pharmacies exemplify the difficulties of small, locally based community businesses competing against larger, more consolidated corporate enterprises
- Trxade Group is a pharmaceutical services company that empowers independent pharmacies to efficiently obtain the best products at the best times to suit their customers’ needs
- Nearly half of the nation’s small pharmacies have become Trxade platform members, granting them a measure of collective bargaining power
- Trxade assesses a transaction fee to competing drug distributors while sparing the pharmacies from fees, and, in June, the company reported record revenues of $1.9 million
The ongoing development of consumer-based technology has increased the number of business consolidations that establish ever-larger corporate entities seeking greater profits from greater geographical areas, while diminishing the small mom-and-pop intimacy of locally focused businesses such as independent pharmacies whose business structure may literally be a family striving to inject a bit of confidence and neighborly friendliness into the retail market.
In the case of independent pharmacies, a number of defenders have arisen in recent months to help the small businesses protect health-sustaining services that can be so vital to patients looking for an extra measure of kindness while dealing with…
NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at http://nnw.fm/TRXD
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