Market News
Recent Developments:
New product launches:
- On September 19, 2023, Elevance, a health company’s pharmacy benefit manager launch CarelonRx, launch a new program that aims to make it easier for members to access drug discounts at the pharmacy counter
- On January 24, 2023, Amazon Pharmacy, the company offering free, two-day home delivery of prescriptions to Amazon Prime subscribers. introduced RxPass, a US$5 prescription subscription new Prime membership benefit from Amazon Pharmacy that provides patients with affordable access to generic medications that treat more than 80 common health conditions for just US$5 a month
- In September 2021, GoodRx, an American healthcare company that operates a telemedicine platform and free-to-use website and mobile app that track prescription drug prices launched a new gold subscription plan providing access to lower prescription prices, free delivery, and 24/7 doctor visits for a monthly fee. This expanded GoodRx's monetization strategies beyond discounted prescriptions.
- In June 2021, Walmart, a retailer corporation launched the Walmart Plus Rx for Delivery prescription savings program, allowing the delivery of medications nationwide for US$35 per year.
Acquisition and partnerships:
- On September 14, 2023, GoodRx, a U.S.-based healthcare company that operates a telemedicine platform and free-to-use website and mobile app that track prescription drug prices, announced a partnership with MedImpact, an independent, trend-focused pharmacy benefit manager (PBM), to integrate its drug coupons at the point of sale
- On July 12, 2023, CVS Caremark, a CVS Health company and GoodRx, a leading resource for healthcare savings and information, announced the launch of Caremark Cost SaverTM to help lower pharmacy out-of-pocket drug costs for CVS Caremark clients' members
- In October 2022, Express Scripts, a pharmacy benefits management business of Cigna Corporation, an Insurance company announced a new strategic collaboration with Centene, a managed care company to provide greater prescription drug savings
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