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Company type | Private |
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Industry | Medical Technology |
Founded | January 1, 2016 |
Headquarters | 165 Whitney Avenue, New Haven, Connecticut 06520, United States. |
Area served | Worldwide |
Key people | Adebayo Alonge (founder / CEO) Amy Kao (Co-founder / CMO) Wei Liu (Co-founder / CTO) |
Products | Medical Devices |
Total equity | 3.3 Million US dollar. |
Website | www.rxall.net/about-us rxalldelivered.com |
RxAll Inc. is a health information technology and big data startup company. The company works with drug regulatory agencies and other stakeholders [1] to reduce fake medicines ensure that patients receive and have better access to high quality verified drugs.
RxAll Inc. was established on January 1, 2016, by Yale University - Yale School of Management graduate students Adebayo Alonge, Amy Kao and Wei Liu. [2] [3] It is seen as an important weapon against illegal pharmaceutical outfits in Kenya. [4] Alonge was nearly killed by fake salbutamol tablets in Nigeria in 2005. [5]
Like many start-ups, RxAll Inc. came up against early challenges [6] when it almost ran out of cash in the first quarter of 2017, the founding team persisted to raise funds in parallel to operating the business. [7] Co-founders Adebayo Alonge and Amy Kao managed to raise about $1 million in grants and bootstrapped funds from the Nigerian government, the Yale start-up ecosystem, Merck, Villgro and other support networks.[ citation needed ]
RxScanner is an handheld drug authenticator device created for patients to verify their drugs and help drug regulators to reduce administrative burden, improve record keeping and also improved productivity and successful prosecution of bad actors. [8] The device is in use by country FDAs, Hospitals, Pharmacies and Big Pharma across the world. [9]
RxAll POS is a Point of sale software created for Pharmacies in growth market that [10] enables complete automation of the pharmacy management system.[ citation needed ]
RxAll Delivered is a drug delivery platform that enable pharmacies and patients order verified drugs online for offline delivery at wholesale prices. [11] [12]
The company gained market entry into East Africa (Kenya and Uganda), West Africa (Nigeria and Ghana), Southeast Asia (Myanmar, Malaysia and Singapore), and the Americas (Canada, United States and Colombia). [13]
RxAll Inc. won the 2019 BNP Paribas group deep tech award otherwise known as Hello Tomorrow, a competition crafted for tech innovators and entrepreneurs, worth €100,000. [14]
A pharmacist, also known as a chemist in Commonwealth English, is a healthcare professional who is knowledgeable about preparation, mechanism of action, clinical usage and legislation of medications in order to dispense them safely to the public and to provide consultancy services. A pharmacist also often serves as a primary care provider in the community and offers services, such as health screenings and immunizations.
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. Express Scripts had 2016 revenues of $100.752 billion. Since December 20, 2018, the company has been a direct subsidiary of Bloomfield, Connecticut-based Cigna.
Andrew Strempler is former president and chief executive officer of Mediplan Health Consulting Inc., and RxNorth.com, which he founded in 1999. In June 2012, he was arrested in Florida on multiple charges relating to the sale of foreign and counterfeit pharmaceuticals. In October 2012, he pleaded guilty to conspiracy to commit mail fraud in connection with his role as owner and president of Mediplan Health Consulting Inc., a Canadian company, that also operated under the name RxNorth.com. He was sentenced to four years in a U.S. prison, ordered to pay a forfeiture of US$300,000 and a $25,000 fine.
The National Agency for Food and Drug Administration and Control (NAFDAC) is a Nigerian federal agency under the Federal Ministry of Health that is responsible for regulating and controlling the manufacture, importation, exportation, advertisement, distribution, sale, and use of food, drugs, cosmetics, medical devices, chemicals, and packaged water.
An online pharmacy, internet pharmacy, or mail-order pharmacy is a pharmacy that operates over the Internet and sends orders to customers through mail, shipping companies, or online pharmacy web portal.
Dora Nkem Akunyili was the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC) of Nigeria from 2001 to 2008.
mPedigree refers both to a mobile telephony shortcode platform that interconnects GSM mobile networks in a number of African and Asian countries to a central registry wherein pedigree information of product brands belonging to participant manufacturers are stored, as well as the organisation that was founded in 2007 to manage and promote this registry to organisations and governments in Africa and other parts of the world. The latter is named the mPedigree Network. In December 2015, the mPedigree Network rebranded to 'mPedigree', and begun to trade under that name and a new logo, based on a knight-of-chess motif.
Electronic prescription is the computer-based electronic generation, transmission, and filling of a medical prescription, taking the place of paper and faxed prescriptions. E-prescribing allows a physician, physician assistant, pharmacist, or nurse practitioner to use digital prescription software to electronically transmit a new prescription or renewal authorization to a community or mail-order pharmacy. It outlines the ability to send error-free, accurate, and understandable prescriptions electronically from the healthcare provider to the pharmacy. E-prescribing is meant to reduce the risks associated with traditional prescription script writing. It is also one of the major reasons for the push for electronic medical records. By sharing medical prescription information, e-prescribing seeks to connect the patient's team of healthcare providers to facilitate knowledgeable decision making.
A counterfeit medication or a counterfeit drug is a medication or pharmaceutical item which is produced and sold with the intent to deceptively represent its origin, authenticity, or effectiveness. A counterfeit drug may contain inappropriate quantities of active ingredients, or none, may be improperly processed within the body, may contain ingredients that are not on the label, or may be supplied with inaccurate or fake packaging and labeling.
Drug packaging is process of packing pharmaceutical preparations for distribution, and the physical packaging in which they are stored. It involves all of the operations from production through drug distribution channels to the end consumer.
Veradigm Inc. is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record (EHR) technology. Veradigm also provides products for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has products in 2,700 hospitals and 13,000 extended care organizations. The company formally changed its name from Allscripts to Veradigm in January 2023.
Catamaran Corporation is the former name of a company that now operates within UnitedHealth Group's OptumRX division. It sells pharmacy benefit management and medical record keeping services to businesses in the United States and to a broad client portfolio, including health plans and employers. Working independently of the government and insurance companies allowed it to operate as a third party verifier; the RxCLAIM online claim processing system allowed for prescription drug claims to be processed online if the customer lived in and filled their prescription in the United States. SXC had three separate but interrelated business segments which dealt with prescription drug programs. For 2013, 23% of company revenue came from Cigna Corporation.
Sproxil is an American venture capital-backed for-profit company based in Cambridge, Massachusetts that provides a consumer product verification service to help consumers avoid purchasing counterfeit products. The service was the first Mobile Authentication Service (MAS) to launch in Nigeria.
Olamide Brown, née Orekunrin, is a British-Nigerian medical doctor, healthcare entrepreneur, and founder of the Flying Doctors Healthcare Investment Group and a director of Greentree Investment Company.
Diplomat Pharmacy, Inc. is the largest independent provider of specialty pharmacy services in the United States. The company partners with manufacturers, payers, providers, hospitals, and more. Headquartered in Flint, Michigan, Diplomat has facilities across the United States and dispenses drugs in all 50 states. Diplomat offers specialized medication and medication management programs for patients with complex and chronic conditions such as cancer, hepatitis, multiple sclerosis, HIV and others.
GoodRx Holdings, Inc., is an American healthcare company that operates a telemedicine platform and free-to-use website and mobile app that track prescription drug prices in the United States and provide drug coupons for discounts on medications. GoodRx checks drug prices at more than seventy-five thousand pharmacies in the United States. The platform allows individuals to consult with a doctor online and obtain a prescription for certain types of medications at a cost of US$20, regardless of insurance status. Medical testing services, which vary in price, are also offered through the platform.
The pharmacy management system, also known as the pharmacy information system, is a system that stores data and enables functionality that organizes and maintains the medication use process within pharmacies.
Adebayo Alonge is a Nigerian pharmacist, inventor, deep tech entrepreneur, and market development professional. He is the winner of the 2019 Hello Tomorrow Global Deeptech Challenge, known as the BNP Paribas Group Deep Tech Award, for creating a handheld nanoscanner that detects counterfeit drugs.
RXNT is an American privately held healthcare software technology company. The company provides ambulatory practices, hospitals, medical billers, and other healthcare professionals with digital health tools. The company was created in 1999, as a standalone e-prescribing system.
Ifeanyi Ossai Nwabuonwu Idriss, is an Ambassador of Institute for Economics and Peace (IEP) and Founder of CribMD, a Digital health consultation platform.