Analyst Report: Upgrade for access Scripx Offers Another Opportunity in the Virtual Pharmacy Space
Scripx is a Texas-based prescription fulfillment and delivery startup. While not the first in its space, it offers another opportunity to invest in the space.
- Details
- Company: Scripx Pharmacy & Health on Republic 2022
- Security Type: SAFE
- Valuation: $12,000,000
- Min Investment: $100
- Platform: Republic
- Deadline: Jan 31, 2023
Introduction
Compared to only a decade ago, technology has made life far more convenient. Nowadays, I can easily check-in for flights on my phone, have a telehealth visit with my doctor, and have food delivered right to my door. Even highly regulated industries — like prescription medicine — have become easier to access because of technology. The emergence of companies and services like NowRx, Capsule, and others have allowed people to avoid the hassle of going to a pharmacy and waiting in line for their medicine. Instead, they can have prescriptions filled automatically and delivered right to their homes.
Scripx is following in the footsteps of NowRx and Capsule. It’s a Dallas-based virtual pharmacy operating within the Dallas-Fort Worth metropolitan area. Scripx offers prescription fulfillment and delivery as well as limited telehealth services. Customers can use the company’s mobile app to upload insurance documents, track their prescriptions, and order refills. But there are a few things investors should consider before investing in a duplicative company like Scripx. Rather than blazing a new trail, it’s following the drug delivery service playbook created by NowRX and Capsule. And that comes with its own mix of advantages and disadvantages.
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