Pharmaceuticals Company

Trxade Group, Inc

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Funding Goal
Funding Raised So Far
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Pre-Money Valuation
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Interest / Dividend
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Company Overview

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.

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Business Summary

Company Age
Employees
Sub-Industry
Prior Year Revenue
Current Year Revenue
Next Year Revenue

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.

Management

Chief Executive Officer
Suren A......

To find out if this company and others are accepting funding, .

Funding Goal
Funding Raised So Far
Funding Commitments
Funding Remaining
Funding Type
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents

Contact

Trxade Group, Inc

17537 Darby Lane, Tampa, FL 33558, US

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