TRxADE Health (NASDAQ: MEDS), through its wholly owned pharmaceutical wholesale business, Integra Pharma Solutions LLC, has inked a distribution agreement with GALT Pharmaceuticals LLC. Integra currently distributes generic and brand medications directly in 34 states through its warehouse; the new partnership adds single-source and multisource products directly from GALT Pharmaceuticals to its offering, supporting Integra’s mission of supporting independent pharmacies and helping its members access top medication products. GALT Pharmaceuticals has created a unique pharmaceutical franchise concept, called “phranchise,” that moves product representation away from corporate headquarters into local communities. GALT phranchises provide education to local healthcare providers while the company manages functions such as drug research, regulatory approval, compliance and supply chain. “We are pleased to partner with an innovative pharmaceutical company like GALT Pharmaceuticals,” said TRxADE Health chief clinical and compliance officer Dr. Shafaat Pirani, PharmD, BCGP, in the press release. “Many of the products manufactured by GALT are single-source items, thereby facilitating preferred access channels to our independent network of pharmacies. . . . This partnership is aligned with our core competency at TRxADE Health, putting our independent pharmacies in a position to succeed by providing them with access to novel products and transparent pricing so that they can better serve the patients entrusting them with their care.”
To view the full press release, visit https://ibn.fm/szZw3
About TRxADE Health Inc
TRxADE Health is a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the United States. The company operates the TRxADE drug procurement marketplace serving more than 13,475 members nationwide, fostering price transparency and, under the Bonum Health brand, offering patient-centric telehealth services. For more information about the company, please visit www.Trxade.com and www.BonumHealth.com.
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