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Mar 29, 2016 10:04 AM ET

Archived: Trxade Group, Inc is disrupting healthcare by changing the way pharmacies shop for prescription drugs.

iCrowdNewswire - Mar 29, 2016

Trxade Group, Inc

17537 Darby Lane, Tampa, FL 33558, US

Trxade Group, Inc. (Ticker: TRXD) is disrupting healthcare by changing the way pharmacies shop for prescription drugs. it is a cost-saving platform, rx.trxade.com, that allows pharmacies to quickly compare medications from different suppliers.

Trxade Group, Inc. has become the go-to marketplace for pharmacies looking to save on their prescription costs. More than 5,000 independent pharmacies have already signed up for a free Trxade membership out of 24,000. They can immediately scan NDCs (National Drug Codes), compare prices and take advantage of daily deals and supplier specials. Trxade is, in essence, the Amazon of the pharmaceuticals industry. Members can save more than $50,000 annually while stocking their pharmacies with the same quality pharmaceuticals. Prashant Patel, Trxade’s president, director and COO, helped build the company by drawing upon his own personal experiences. He is a serial entrepreneur and a registered pharmacist with experience in multiple aspects of the pharmaceutical supply chain.Suren Ajjarapu, Trxade’s founder, chairman and CEO, was a driver of enterprise growth in the biofuel and IT sectors. He and Mr. Patel are now dedicated to disrupting the way pharmacies buy and sell pharmaceuticals — a market few believed could be disrupted.

Products / Services

Pharmaceutical IT

Trxade developed a Pharmacy exchange platform that mainly caters to Independent pharmacies that has no buying power when compared to big chains like CVS, Walgreens etc. If you look at Independent pharmacies which runs by single pharmacist who focus both on suppliers as well as on customers, does not have bandwidth in terms of resources. The shop around concept was not well established. On Top Obama Affordable health care act will force all these pharmacies to reduce costs, Pharmacies looks for new ways to save money, Solution: Trxade.



Chief Executive Officer
Suren Ajjarapu

News / Links

Contact Information:

Chief Executive Officer
Suren Ajjarapu

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