Get All Access for $5/mo

An Investment Opportunity for a Better Pharmaceutical Industry NowRx is improving the way we get our prescriptions.

By Entrepreneur Store Edited by Jason Fell

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

NowRX

It's no secret to anyone that the American pharmaceutical industry is firmly entrenched in its ways. And that's not necessarily a good thing for customers. Retail pharmacy is a $330 billion industry, driven by high medication costs and stringent means of delivery through brick-and-mortar stores.

NowRx, however, is disrupting the market. Founded in 2016, NowRx is spearheading innovations in technology, convenience and service, carving out a significant chunk of the pharmaceutical market. They say they've seen a 280 percent jump in revenue since 2017 and a 1,000 percent account growth rate since 2016, demonstrating clear resonance in a market that is desperate for change.

NowRx's modern business model focuses on low-cost, highly automated micro fulfillment centers that facilitate same-day delivery to patients in cities across the U.S. Their fast, over-the-phone pharmacist consultations allow customers to get prescriptions quickly, cutting out the middleman pharmacies and reducing overhead to a fraction of what a regular pharmacy costs. In short, NowRx is pioneering a better, more convenient way for people to get the prescriptions they need.

As NowRx continues to grow, it's looking for new investors to help it continue shaking up the field. Right now, you can invest at any level you'd like, giving you the opportunity to be on the ground floor of an exciting new innovation in the pharmaceutical industry.

You can find NowRx on the SeedInvest platform, which offers ground floor investment opportunities at highly vetted startups on the verge of exploding into the mainstream. Read more about NowRx here.

Entrepreneur Store

Entrepreneur Leadership Network® Contributor

Account Manager

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Franchise

The Top 10 Coffee Franchises in 2024

From a classic cup of joe to a creamy latte, grab your favorite mug and get ready to brew up success with the best coffee franchises.

Marketing

How Small Businesses Can Leverage Dark Social to Drive Word-of-Mouth Marketing

Dark social accounts for 70% of social media shares and is crucial for small businesses. Here's how you can tap into this hidden marketing opportunity.

Business News

'Do You Sell Cars?': Tesla CEO Elon Musk Trolls Jaguar Rebrand on X

The team running Jaguar's X account was working hard on social media this week.

Business News

'Jaw-Dropping Performance in 2024,' Says a Senior Analyst as Nvidia Reports Earnings

Nvidia reported its highly-anticipated third-quarter earnings on Wednesday.