ZipDrug: from the pharmacist to the patient, via a local courier
There have been multiple movies of madcap bike messengers zooming through the streets of Manhattan, but Zipdrug, a New York startup, wants to put a different spin on that activity: using bike messengers and couriers to deliver meds to patients from the dispensing pharmacy. The company, which went into operation in July and won a $2.6-million seed-round funding last month, has a business model based on many other Internet-related startups: providing a convenience service in which clients and products are linked (both geographically and financially) through smartphone technology.
Another implication of the business model is current direct-to-patient practices, which involve courier companies and the general-purpose express delivery firms. “ZipDrug is already taking business away from FedEx and UPS,” says Libby, generally for specialty-pharmaceutical deliveries, including those for temperature-controlled products (the messengers are equipped with insulated bags). One restriction: deliveries of controlled substances are not available.
Source: Pharmaceutical Commerce