Trxade Group Inc. TRXD Archives - Page 4 of 5

MondayJul 29, 2019 12:22 pm

QualityStocksNewsBreaks – Trxade Group Inc. (TRXD) Reports Record Revenues, Increased Gross Profit and Operating Income in Q2 2019

Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, today announced the company’s financial results for its second quarter, ended June 30, 2019, as well as provided a business update and positive outlook for the rest of 2019. Among the highlights, Trxade reported generating record revenues of $1,916,414 for second quarter 2019 compared to $837,688 for the same quarter last year. In addition, gross profit for the company increased to $1,163,276 from $837,688 and operating income increased to $132,705 from $31,446 in the quarter ending June 30, 2019 and 2018, respectively. The company attributes the increase in revenue primarily to…

FridayJul 26, 2019 2:20 pm

QualityStocksNewsBreaks – Trxade Group Inc.’s (TRXD) Web Platform Protects Profit Margins, Cuts Negative Reimbursement Costs

Integrated pharmaceutical logistical services company Trxade Group (OTCQB: TRXD) hosts a supplier-to-pharmacy (“S2P”) pharmaceuticals trading platform that is helping pharmacists protect their profit margins by evading negative reimbursement costs. An article discussing Trxade Group reads, “In the vast economic sector that is the U.S. pharmaceutical industry — $330+ billion a year — proprietors of independent pharmacies, many of whom are constrained in terms of time and resources, run $3.5 million-per-annum operations while struggling to maintain margins. In the past, they have turned to GPOs and other sourcing programs to reduce the purchase cost of drugs, which the GPOs were supposed…

ThursdayJul 18, 2019 3:20 pm

QualityStocksNewsBreaks – Trxade Group Inc. (TRXD) Experiences Strong Start to Fiscal 2019 with Record Revenues, Increased Operating Income

Integrated pharmaceutical logistical services company Trxade Group (OTCQB: TRXD) recently reported record revenues for first quarter 2019 (http://ibn.fm/3NJq6). An article discussing the company reads, “TRXD reported Q1 2019 sales of $1.5 million, as compared to $852,923 in revenues for the same period of the previous year. Operating income grew in Q1 2019 to $171,759 from $98,728 in Q1 2018. Net income reached $125,229 for Q1 2019, as compared to $82,269 for the same period of the previous year. . . . ‘Our 2019 fiscal year is off to a record start and in line with our primary objective of expanding…

ThursdayJul 18, 2019 1:04 pm

Trxade Group Inc. (TRXD) Building Reputation of Transparency in Effort to Improve on Pharmaceutical Supply Chain Concerns

Trxade Group is using the strength of its web-based purchasing platform, pharmacy network, delivery services and data analytics to improve the transparency of the prescription drug industry supply chain The company is celebrating a boost to its own transparency efforts with the news that the SEC approved its S-1 Registration Statement regarding shareholder stock resale Trxade Group reported record revenues of $1.5 million for the quarter ended March 31, as well as increasing operating income and net income The company’s software trading platform lists nearly half of the United States’ 24,000 independent pharmacies as subscribers, with ongoing additions to the…

MondayJul 15, 2019 1:05 pm

Trxade Group Inc.’s (TRXD) Proprietary Web-Based TRxADE Platform Targets Nation’s Independent Pharmacy Marketplace

Trxade Group subsidiary Community Specialty Pharmacy received certification from LegitScript following a rigorous application and review process Over 10,500 independent pharmacies are registered on Trxade’s S2P (supplier to pharmacy) pharmaceuticals trading platform The company’s first quarter 2019 revenues increased to a record $1.5 million Trxade Group Inc. (OTCQB: TRXD), an integrated pharmaceutical services company, is focused on three key niches in the health care market, a $4 trillion industry that’s expected to grow as the general population ages. TRXD offers a unique combination of a web-based purchasing platform for transactions between independent pharmacists and drug distributors; a network of pharmacies…

MondayJul 08, 2019 10:46 am

Trxade Group Inc.’s (TRXD) Web Platform Promises Reduced Negative Reimbursement Costs for Pharmacies

Trxade hosts a S2P (supplier to pharmacy) pharmaceuticals trading platform Over 10,500 registered pharmacies are listed on Trxade’s platform The company achieved record first quarter 2019 financial results driven by an increase in revenues The proprietors of America’s independent pharmacies may well be cheering as the S2P (supplier to pharmacy) trading platform pioneered by Trxade Group Inc. (OTCQB: TRXD) swings into full gear, for its benefits extend to both trade and customers. The web-based platform not only identifies the best available prices for prescription drugs – a boon to patients – but helps pharmacists avoid negative reimbursement costs, which reduce…

WednesdayJul 03, 2019 10:11 am

Trxade Group Inc.’s (TRXD) Fiscal 2019 Off to Record Start with Q1 Revenue of $1.5 Million

TRXD sales grew to $1.5 million in Q1 2019; operating income also rose when compared to the same period of the prior year The company is adding new independent pharmacies and increasing pharmacy sales Mail-order pharmacy services and a newly launched mobile app offer lower prescription drug costs for U.S. consumers Trxade Group Inc. (OTCQB: TRXD), an integrated pharmaceutical logistical services company that offers a web-based e-hub buying platform for transactions between independent pharmacists and drug manufacturers, reported record Q1 2019 revenues. The company also reported (http://ibn.fm/3NJq6) higher operating income, as it sees “continuing revenue growth and profitability in 2019.” TRXD…

ThursdayMay 30, 2019 1:35 pm

QualityStocksNewsBreaks – Trxade Group Inc. (TRXD) Subsidiary Secures LegitScript Certification

Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, today announced that its subsidiary, Community Specialty Pharmacy, has secured its certification with LegitScript. According to the update, with more than 24,000 independent pharmacies in the United States, Google and Facebook mandate that pharmacies must undergo a rigorous application and review process by LegitScript, a third-party compliance organization, in order to advertise on their platforms. LegitScript identifies the quality online pharmacies from those involved in illicit activities, protecting consumers by verifying the legitimacy and safety of the online pharmacy. “Achieving Legit Script accreditation demonstrates ComspRx’s commitment to best in-class Pharmacy programs…

TuesdayMay 14, 2019 12:11 pm

QualityStocksNewsBreaks – Trxade Group Inc. (TRXD) Achieves Record Revenues and Q1 2019 Financial Results

Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, today reported financial results for its first quarter, ended March 31, 2019, and provided a business update and positive 2019 outlook. Among the highlights, the company reported record revenues of $1.512 million for the three months ended March 31, 2019, an increase from $852,923 in the same quarter in 2018. “Our proprietary software trading platform at www.Trxade.com, which enables independent pharmacies to purchase drugs is adding new members on a monthly basis and, as a result, enabling us to experience strong top and bottom line growth across the board,” Trxade Chairman…

FridayMay 10, 2019 11:01 am

Trxade Group Inc. (TRXD) Capitalizing on Growing Global Online Pharmacy Market

The global online pharmacy market is expected to continue growing rapidly through 2024, at a CAGR of 17.5 percent Innovative pharmaceutical solutions providers like Trxade Group are set to benefit from this trend Trxade Group already offers a web-based platform for supplying local independent pharmacies in the U.S., and the company’s mobile app gives patients access to same-day prescription medication deliveries The global online pharmaceuticals market is projected to grow rapidly, at a CAGR of 17.5 percent through 2024, as detailed in a report titled ‘The Online Pharmacy Market: Global Industry Analysis’ from ResearchAndMarkets.com (http://ibn.fm/e7n2q). Several factors are expected to contribute…

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