Pharmacy startups are losing their battle with giants like CVS and Walgreens
Pharmacy startups generally face the same challenging reimbursement picture. And they're attempting to use the slim profits from dispensing drugs to support services like same-day delivery and fancy consumer apps. The significant overhead costs can eat away at what little profit the startup pulls in.
in 2019, the company still has plenty of other costs to reckon with, such as engineering, marketing, and regulatory compliance."The core business is a logistics business — it's a prescription-delivery business, and when you think about medications and pharmacy on the whole, which has a low margin, and then logistics and delivery, which has a low margin, those two don't make for ease when it comes to scale," Kedar Karkare, a senior intelligence analyst at CB Insights, said.
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