NEW YORK, NY — (Marketwired) — 11/25/14 — . announces it initiated coverage of . (OTCQB: TRXD).
. (OTCQB: TRXD), based in Lutz, Florida, operates an Internet-based exchange that promotes and enables trading among independent pharmacies and pharmaceutical suppliers (wholesalers). Currently, the company–s market platform is used mainly by around 2,300 retail pharmacies to purchase drugs from 24 wholesalers (supplier to pharmacy). Proprietary software enables users of Trxade–s network to compare prices of branded and generic drugs, and order products at the most favorable prices prevailing at the time of the search. As wholesale price disparities among vendors are most pronounced in generic drugs, the retail pharmacies– searches tend to focus on this segment of the market.
TRXD has developed a pharmacy acquisition cost (PAC) benchmark against which retail pharmacies can compare quoted supplier prices with the average cost charged retail pharmacies. The PAC benchmark is based on data which includes data obtained in surveys of retail pharmacies and drug wholesalers, statistics on prescription dispensing, and the costs of disposing of old drug inventory.
The Internet-based exchange, currently used mainly by retail pharmacies, also supports transactions between retail pharmacies (pharmacy to pharmacy) seeking to sell excess inventory or drugs that are nearing the expiration of their shelf lives. The exchange can also be used by wholesalers (supplier to supplier) trading with one another. But at this time, the exchange is used solely in supplier to pharmacy transactions.
The company also operates a wholesale business that searches out pharmaceuticals, over-the-counter drugs, and medical supplies that data from the Food and Drug Administration (FDA) or the University of Utah indicate are, or expected to be, in short supply nationwide. The company buys those drugs in anticipation of shortages and resells them at premium prices. The inventory purchased by the TRXD–s wholesale business is maintained and shipped by a third party fulfillment organization.
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Richard Oh
Taglich Brothers, Inc.
631-757-1500
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