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Eli Lilly's - 2 Eli Lilly - 1 Frank Cunningham - 1 Cunningham - 1 Truepill - 1 John Love - 1 We're - 1 Lilly - 1
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Amazon Pharmacy - 1 Amazon - 1 CNBC - 1 California - 1 Cuban - 1 Plus - 1 Business - 1 Foundation Health - 1

Search resuls for: "Truepill"


16 mentions found


☆ Eli Lilly taps Amazon Pharmacy to help deliver weight loss drug Zepbound, other medicines to patients
  + stars: | 2024-03-13 | by ( Annika Kim Constantino | ) www.cnbc.com   time to read: +3 min
Eli Lilly on Wednesday said Amazon Pharmacy will help send certain prescription drugs, including the red-hot weight loss treatment Zepbound, to patients' homes through the drugmaker's new direct-to-consumer program. The website, LillyDirect, connects people with an independent telehealth company that can prescribe certain drugs if they are eligible. LillyDirect plans to expand the medicines it offers and the companies it partners with in the future, Eli Lilly said. Amazon Pharmacy offers free two-day deliveries to patients with an Amazon Prime membership, which will also apply if they use LillyDirect. But he told CNBC that Eli Lilly expects Amazon Pharmacy and Truepill to have similar processing and shipping times.
Persons: Eli Lilly, Eli Lilly's, Frank Cunningham, Cunningham, Truepill, John Love, We're, Lilly Organizations: Amazon Pharmacy, Amazon, CNBC Locations: U.S
☆ Exclusive: Ex-Truepill CEO just scored $6 million to help health plans and pharma companies ditch middlemen and work closely with patients
  + stars: | 2024-03-11 | by ( ) www.businessinsider.com   time to read: +5 min
He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
☆ 10 Things in Tech: Say goodbye to the US car market as we know it, TikTok will pay for AR filters, and YouTubers share how they make money
  + stars: | 2023-05-17 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
I'm Diamond Naga Siu, and I'm taking a few days off to watch my best friend graduate with their PhD. (Don't worry, my colleagues in London will be bringing you your daily dose of tech news while I'm away.) Pharmacy startup TruePill is searching for its panacea. Employees told to "drink the Kool-Aid" at Larry Page's startup. Current and former employees told Insider about the recent turmoil.
☆ The pharmacy that quietly powered top startups in the hottest part of healthcare is trying to reinvent itself after losing customers and closing facilities
  + stars: | 2023-05-15 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com   time to read: +10 min
"We were shocked," a former employee in Truepill's business development division said of the layoffs. Insider spoke with five former and two current Truepill employees about the challenges the company is confronting after a tumultuous year. Truepill was hiring employees rapidly, accumulating about 1,800 employees by the spring of 2022, according to one former employee in Truepill's business division. Since then, there's been a companywide push to inch closer to profitability, one of the current employees told Insider. It's also downsizing its Miami pharmacy, the current employee said.
☆ Pharmacy startups are losing their battle with giants like CVS and Walgreens
  + stars: | 2023-03-28 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +12 min
Pharmacy startups like Capsule and Truepill are crumbling in the fight against pharmacy giants. But in the past year, the pharmacy startups have begun to crumble. Plus, each chain has thousands of stores across the country, providing the convenience that the pharmacy startups seek to replicate with tech. The digital-pharmacy shakeoutAnalysts suggested that healthcare startups with pharmacy components, rather than pure-play pharmacy startups, are best positioned to succeed. Truepill CEO Sid Viswanathan TruepillBut the pharmacy startups that have attempted to offer additional services have largely shelved those efforts in recent months.
☆ Troubled mental-health startup Cerebral is cutting 15% of staff as it fights to stay afloat
  + stars: | 2023-02-27 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com   time to read: +4 min
Cerebral plans to cut 15% of its staff, or 285 employees, Insider has learned. Cerebral has been struggling to stay afloat following scrutiny of its prescription practices. Mental-health startup Cerebral is laying off 15% of its workforce, or about 285 employees, as the company reels from a tumultuous year of public scrutiny and federal investigations into its prescribing practices. Impacted employees will be notified through March 1, per Mou's email to Cerebral staff. Cerebral's rocky futureIn 2021, Cerebral called itself the fastest-growing mental-health company.
☆ Inside digital health's reckoning, where once-hot startups are suddenly scrambling for cash
  + stars: | 2023-01-31 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com   time to read: +11 min
Analysts and CEOs told Insider more than half of healthcare startups will shut down by 2024. Healthcare startups looking to stay afloat have been laying off employees left and right. The online pharmacy Truepill burned through its cash as it struggled to fill prescriptions efficiently, two former employees told Insider. A spokesperson for Truepill told Insider in an email that the company's burn rate was in line with its projections. Courtesy NOCDWhile the broader economic pressures will hurt many startups that can't raise, it may help others, experts told Insider.
☆ Billionaire Mark Cuban invested in digital-health's go-to pharmacy even though it struggled to keep up with orders from his drug-pricing company
  + stars: | 2023-01-25 | by ( Blake Dodge | ) www.businessinsider.com   time to read: +3 min
Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021. When asked about the delays, Cuban said Cost Plus Drugs' volume exceeded both companies' expectations.
☆ Ken Griffin has built two of Wall Street's most powerful firms. His next target could be influencing politics.
  + stars: | 2023-01-23 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +4 min
Ken Griffin, the founder and CEO of Citadel. It's good to be Ken Griffin. Plenty of people find success on Wall Street that most can only dream of. But Ken Griffin seems to be winning in ways that even his peers can't fathom. Click here to read more about Ken Griffin rise to the top of Wall Street and what could be next for the billionaire.
☆ Billionaire Mark Cuban has invested in yet another healthcare company: online pharmacy Truepill
  + stars: | 2023-01-20 | by ( Blake Dodge | ) www.businessinsider.com   time to read: +3 min
Mark Cuban has invested in the online pharmacy Truepill, he confirmed to Insider. Truepill works with healthcare startups to send medications through the mail. It works with Cuban's other healthcare bet Mark Cuban Cost Plus Drug Co.Mark Cuban's interest in breaking into the healthcare industry is heating up. In November, he backed the online pharmacy Truepill through its funding round, Cuban confirmed to Insider in an email. He's played an active role in his drug-pricing startup, which launched as the Mark Cuban Cost Plus Drug Co. in 2021.
☆ Buzzy healthtech startup Vial slashed an entire division weeks before a $67 million raise from General Catalyst. Insiders say they had no idea the layoffs were coming.
  + stars: | 2023-01-13 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com   time to read: +3 min
Vial let go of its entire site network division, 40 to 50 people, last October, Insider has learned. Just a month after the October cuts, the healthtech startup announced a $67 million funding round. Ahead of the deluge of tech layoffs that have plagued the beginning of 2023, one healthtech startup quietly slashed dozens of jobs late last year, Insider has learned. In October, Vial, which helps biotech companies run faster and more efficient trials, laid off an entire division. As of December 2022, Vial had 125 employees, according to Pitchbook.
☆ How Cerebral went from a hyped $4.8 billion mental-health startup to fighting for its survival
  + stars: | 2022-12-22 | by ( Blake Dodge | ) www.businessinsider.com   time to read: +10 min
It called itself the fastest-growing mental-health company. Some Cerebral clinicians told Insider they were uncomfortable treating the patients assigned to them and felt their licenses were at risk. In the past few years, highly funded startups have tried to disrupt mental-health care and struggled. Cerebral's next steps will dictate its future, and its story could influence what's ahead for online mental-health care. A former Cerebral provider told Insider the ban was frustrating because many patients who were improving on the drugs lost access to care at Cerebral.
☆ DEA Alleges Online Pharmacy Truepill Wrongfully Filled Stimulant Prescriptions
  + stars: | 2022-12-16 | by ( Jennifer Calfas | ) www.wsj.com   time to read: 1 min
The U.S. Drug Enforcement Administration said an investigation found Truepill Inc., an online pharmacy company, filled illegitimate prescriptions for stimulants such as Adderall to treat attention-deficit hyperactivity disorder. The DEA said prescriptions from Truepill, which at one time was a preferred pharmacy provider for telehealth company Cerebral Inc., were unlawful because they were either written by prescribers without state licenses or surpassed 90-day supply limits.
☆ The DEA is alleging Truepill, Cerebral's former pharmacy partner, broke the law in filling prescriptions for highly regulated drugs
  + stars: | 2022-12-16 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com   time to read: +5 min
The agency alleges that the pharmacy startup unlawfully dispensed stimulants used to treat ADHD. Truepill partnered with the mental-health startup Cerebral to send prescriptions to its patients. The Order to Show Cause requires that Truepill show evidence to justify its prescribing practices for controlled substances, which are highly regulated drugs. If the evidence isn't convincing, the pharmacy startup could have its DEA license revoked, which would leave the company unable to fill prescriptions for controlled substances. In "numerous instances," the startup dispensed prescriptions that weren't issued for a legitimate medical purpose, the DEA alleges.
☆ Medly set out to disrupt the pharmacy industry. Instead it burned through money and laid off more than half its staff as its business crumbled, leaving patients in the dark.
  + stars: | 2022-11-29 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +16 min
Medly, a pharmacy startup that took off in the pandemic, laid off over half its staff in August. Natalia Rzeszutek first started using Medly three years ago, relying on the pharmacy startup to deliver her medications for epilepsy. Unbeknownst to her, many other patients, and its own employees, Medly had been approaching this collapse for months. But behind the scenes, the pharmacy startup was on the brink of imploding. Many said they'd repeatedly called their local Medly pharmacy to get their prescriptions filled but never received a response.
☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
  + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com   time to read: +28 min
Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.
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