Pharmacierge raises £2.4m, with 90% of the funding from its clinician customers 

Pharmacierge, an organization that develops ePrescription supply apps for personal clinicians, has raised an extra £2.4m, to increase its nationwide management via its e-prescribing platform mPrescribe.  

This funding is an business first, as 90% of the funding spherical was raised from Pharmacierge’s personal customers – together with 80 outstanding UK clinicians. The spherical additionally contains new and repeat investments from present or former managing administrators at Goldman Sachs, Merrill/Financial institution of America, Citigroup and Tullett Prebon. 

The funding might be used to energy its subsequent section of progress, combining shelling out robotics with AI to handle the huge vary of medicines it provides. 

Pharmacierge co-founder and CEO Edward Ungar mentioned: “This newest spherical represents a profound and distinctive endorsement of Pharmacierge by the exact same consultants and GPs who use it most frequently. They’ve recognised the massive worth in our product, and haven’t solely validated that as customers, but in addition as buyers.” 

Dr Stephanie Barrett, advisor rheumatologist, MB, ChB, MD, FRCP commented: “Having lengthy skilled the time-saving advantages that the Pharmacierge service affords clinicians and sufferers, it was a easy resolution to put money into a enterprise that I each understood and trusted.” 

Pharmacierge has now raised practically £4m, with over £3m originating from amongst its 4,000 clinician customers. Additionally it is notable that over 30% of the clinician buyers are ladies, a a lot larger proportion than the common 13% of feminine buyers in personal corporations.

Pharmacierge’s clinician-facing app, mPrescribe, combines proprietary digital prescription (EPS) and dispensary administration (ERP) programs, to deal with the compliance and complexity of this tightly regulated business at scale. Pharmacierge operates its personal 2,500 sq ft dispensary in Wimpole Road, adjoining to The Royal Society of Medication. As a result of number of specialisms it helps, its formulary incorporates greater than double the common vary of pharmacy medicines.  

This union of know-how and dispensary solves key scientific administration challenges: combining seamless shelling out with courier supply and updating practices and sufferers on their prescriptions’ progress. Pharmacierge is led by a crew with a long time of prior expertise at Google, Babylon Health, HCA and The Doctors Laboratory.