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

Pharmacierge, the healthtech firm that pioneers drugs (ePrescription) supply apps for personal clinicians, right now publicizes that it has raised an extra £2.4m, to increase its nationwide management by means of its e-prescribing platform mPrescribe®.

This funding is an trade first, as 90% of the funding spherical was raised from Pharmacierge’s personal customers — together with 80 distinguished UK clinicians. The spherical additionally consists of new and repeat investments from present or former Managing Administrators at Goldman Sachs, Merrill/Financial institution of America, Citigroup and Tullett Prebon.

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 additionally as traders.”

Dr Stephanie Barrett, Marketing consultant Rheumatologist, MB, ChB, MD, FRCP commented, “Having lengthy skilled the time-saving advantages that the Pharmacierge service gives clinicians and sufferers, it was a easy determination 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  It is usually notable that over 30% of the clinician traders are ladies, a a lot increased proportion than the typical 13% of feminine traders in personal corporations. The funding shall be used to energy its subsequent part of progress combining shelling out robotics with AI to handle the huge vary of medicines it provides.

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 trade at scale. Pharmacierge operates its personal 2,500 sq ft dispensary in Wimpole Avenue, adjoining to The Royal Society of Drugs. As a result of number of specialisms it helps, its formulary accommodates greater than double the typical vary of pharmacy medicines.

This union of know-how and dispensary solves key medical administration challenges: combining seamless shelling out with courier supply and updating practices and sufferers on their prescriptions’ progress. Pharmacierge is led by a group with many years of prior expertise at Google, Babylon Well being, HCA and The Docs Laboratory.