What is Online Pharmacy

 

An online pharmacy can be described as an internet-based vendor selling medicines. This includes both legitimate and unlicensed pharmacies. Online pharmacies can include standalone sites, internet-only branches and partnerships among pharmacies. Online pharmacies have been popular for more than 20 years. Globally, 2986 online pharmacies operated in 2008, a number that would have risen by now. In recent times, Indian consumers have also started using these online services. E-commerce laws can be ambiguous and given different interpretations. There are many laws that govern Indian online pharmacies, such as the Information Technology Act of 2000; Drug and Cosmetics Act of 1940; Drugs and Cosmetic Rules in 1945; Pharmacy Act in 1948; and Indian Medical Act (56).

How it works:

Online pharmacies are online drug stores that ship medications to patients. The process of filling a prescription on an online pharmacy goes like this:

Patients find the process easy and convenient, provided they have internet and technology skills. However, if they need to call a pharmacist, they will be able to do so from one of the many online pharmacies.

 

What are Specialty Medications?

These medications can be injected, inhaled, infused, or oral. They are high-cost drugs. These drugs are complex proteins and large molecules that require a biotech process in order to be created. It is easier to create non-specialty drugs using a chemical process. They are usually pressed into pills or packed in capsules. Specialty medications are more difficult to use and manage, and often require special shipping and storage requirements like temperature control. These medications can have severe side effects, which can affect adherence. These medications have complicated payor coverage requirements. Many therapeutic areas can be treated with specialty medications. Some common specialty therapeutic categories that you've probably heard of are:

  • Blood disorders
  • Hepatitis B & C
  • HIV/AIDS
  • Infertility
  • Multiple Sclerosis
  • Oncology (Cancers)
  • Rheumatoid Arthritis

Now, specialty medications account for almost half the nation's drug expenditure and 8 in 10 new drug approvals from the U.S. Food and Drug Administration. This has led to a battle for specialty prescription control that will only continue as the baby-boomer population ages. The value proposition of health systems specialty pharmacies is a priority. As health systems try to distinguish themselves from big-box specialty pharmacies, data analytics is crucial to strengthen this message. They will accomplish this goal by peer benchmarking and stronger manufacturer reporting. Research coalitions are also used to accelerate the collection of data that fuels innovation.



Location: India

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