Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, recently announced its financial results for the second quarter of 2019 (http://nnw.fm/j11FM). “In response to customer demand, we are actively developing new product offerings with increased data analytics capability which will help independent pharmacies better manage their inventory and costs,” Trxade Group CEO and chairman Suren Ajjarapu stated in the news release. An article further discussing the company reads, “By the end of June 2019, Trxade had registered 390 new independent pharmacies via the platform, marking an increase of 24% from the previous quarter and 137% on an annual basis. In addition, the company’s consumer app, www.Delivmeds.com, added 94 new independent pharmacies to expand the B2C delivery network of the platform. . . . Through the network increase achieved in the second quarter of 2019, membership for the TRXD trading software has gone up to 10,500 pharmacies. There are over 24,000 independent pharmacies in the U.S., and their combined pharmaceutical purchase capabilities exceed $93 billion per year.”
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About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group is an integrated, pharmaceutical-logistical services company that combines a web-based purchasing platform for transactions between independent pharmacists and drug manufacturers, E-Hub with a mail-order pharmacy, warehouse and drug-delivery services for consumers nationwide. The company has over 10,500 registered independent pharmacies on its web-based market platform that enables the pharmacies to quickly and cost effectively source and purchase pharmaceuticals, accessories and services from a wide range of manufacturers and drug distributors. For more information, visit the company’s website at www.TrxadeGroup.com.
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