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How Alto is disrupting the digital pharmacy space
  + stars: | 2024-05-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Alto is disrupting the digital pharmacy spaceAlicia Boler Davis, CEO of Alto Pharmacy, joins CNBC's 'The Exchange' to discuss how the company is innovating the digital pharmacy experience, how customers can save money with Alto, and more.
Persons: Alicia Boler Davis Organizations: Alto Pharmacy, Alto
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.
The painful adjustments will ripple across the industry in 2023.Insider's Big Tech reporters share what to watch this coming year. At $44 billion, the debt-fueled deal was completed quickly at valuations from the frothy tech bull market of 2021. Jonathan Raa/NurPhoto via Getty ImagesThe slow breakdown of Twitter under Musk appears to be upon us. Mastodon has experienced a major influx of users, hitting more than 5 million accounts after Musk took over Twitter. With intense tech antitrust scrutiny, these new services are unlikely to be gobbled up by Big Tech.
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.
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