Read on to see how the startups are looking to shake up the way we get our prescription drugs. The core business has to be dispensing and delivering drugs, and we didn't include models that also involve connecting patients with virtual doctor's visits. We focused on startups that own a pharmacy, owned a pharmacy, or place an emphasis on delivery. Subscribe to Dispensed, our weekly newsletter on pharma, biotech, and healthcare.īusiness Insider took a look at some of the pharmacy startups looking to make getting prescriptions more convenient. In light of the mounting threat of the novel coronavirus in the US, CVS Health said Monday that it will waive charges for home delivery of medications.
Both Walgreens and CVS Health, the two largest pharmacy chains in the US, offer prescription delivery. The startups aren't the only ones tapping into the convenience of delivery. And numerous delivery-based startups have tried to crack the market only to close or shift strategies. Pharmacy chains like CVS and Walgreens, for instance, make hundreds of billions of dollars in revenue. The startups still make up a relatively small piece of the US's massive market prescription-drug market. While pharmacies have been delivering prescriptions to patients for decades, the startups are betting that technology can help them expand their reach and offer a better experience for patients. The massive market has attracted no shortage of startups looking to win customers with new approaches hoping to make it easier to dispense and deliver medications.