Tag: Pharmacy

Ukrainian Pharmacy Chain Introduces Cryptocurrency Payments – Bitcoin News

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A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can now buy medicines and other items using a number of cryptocurrencies. The new payment option is accessible since Tuesday, the company announced, claiming it has become the first pharmacy chain in Europe to offer it.…

Amazon Considers $100M Investment in India’s Apollo Pharmacy Chain

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Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key locations.  After the successful launch of Amazon Pharmacy Services last month, Amazon.com Inc (NASDAQ: AMZN) is reported to eye India’s Apollo Pharmacy for a whopping $100 million. Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key Locations. Additionally, it is part of Apollo Hospitals – Asia’s largest healthcare group. Hereby making Amazon possible investment a…

AMZN Stock Rises 1% as Company Launches Amazon Pharmacy

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Amazon has launched its Amazon Pharmacy service for the sale of prescription drugs in the US. The products will be delivered free for Amazon Prime members. American multinational technology company and e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has made its official foray into the pharmaceutical scene with the launch of Amazon Pharmacy. As reported by CNBC, Amazon’s debut into the pharmaceutical space comes after years of strategizing and after acquiring PillPack back in 2018. Per the CNBC report, the entire Amazon Pharmacy business is designed based on PillPack’s model. While…

Police Thwart Dark Web Criminals Who Planned to Firebomb a Nebraskan Pharmacy

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A dark web drug lord and a Nebraskan pharmacist pled guilty to federal charges on July 13 after both were accused of conspiring to bomb a competing business. According to the indictment by the U.S. Department of Justice, 32-year-old William Burgamy from Maryland was the alleged owner of an illegal pharmaceutical site called NeverPressedRX. The site sold oxycodone and a number of other drugs. His supplier, Hyrum Wilson, is the owner of a store called Hyrum’s Family Value Pharmacy. The two were found to have conspired to firebomb a competing…

London pharmacy fined after “careless” storage of patient data

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The Information Commissioner’s Office (ICO) has fined a London-based pharmacy £275,000 for failing to ensure the security of special category data. Doorstep Dispensaree Ltd, which supplies medicines to customers and care homes, left approximately 500,000 documents in unlocked containers at the back of its premises in Edgware. The documents included names, addresses, dates of birth, NHS numbers, medical information and prescriptions belonging to an unknown number of people. Documents, some of which had not been appropriately protected against the elements and were therefore water damaged, were dated between June 2016…

Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products

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On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like BCH, DASH, DAI, and BTC. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Venezuelan Pharmacy Chain Farmarket Starts Accepting Crypto Payments Over the last few months, Panda Group has been…

Canadian Pharmacy to Track Cannabis via Blockchain in New Pilot Program

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Canadian pharmacy chain Shoppers Drug Mart has partnered with blockchain company TruTrace Technologies Inc. to launch a pilot program for cannabis supply chain tracking via blockchain, according to a report by Bloomberg on June 17. According to the report, this blockchain tracking system will be used to identify and track medical cannabis, with data included such as the strain’s source and genetics. This data will purportedly allow doctors to issue more effective prescriptions, as well as provide robust information for medical marijuana clinical trials. Shoppers Drug Mart executive Ken Weisbrod…

FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

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The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain-based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of interdisciplinary research in emerging technologies that operates in tandem with the research infrastructure of the University of Memphis. The institutions launched the Institute in February of this year in order to make University of Memphis a center of technology and research. Memphis-based…