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Mednow.ca
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Mednow.ca

https://mednow.ca/
Last activity: 26.07.2021
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Categories: CareDeliveryHealthTechHomeMarketMedTechOnlinePlatformSupplyVirtual
Mednow is disrupting the health market by creating a new kind of pharmacy - one that is virtual, on-demand and fully integrated with a digital healthcare platform that makes treatment convenient and creates better patient outcomes.

The demand for this change is large and unmet. Pharmacy is a $47B market that is almost entirely served by bricks and mortar stores. The digital technologies that have transformed so many different industries will transform pharmacy too.

Currently, half of Canadians with chronic illness do not take medications as prescribed, and two-thirds of Canadians over 65 juggle more than three medications/day. Mednow’s virtual on-demand pharmacy solution addresses both challenges with an aim to vastly improve adherence.

Mednow customers have access to telemedicine virtual care that is private and secure. Without leaving the comfort of home, customers are connected to healthcare professionals for a diagnosis and prescription. Through strategically placed fulfillment centres throughout Canada, Mednow’s proprietary PillSmart system receives and processes prescriptions which are organized and placed in pouches that are clearly labelled to include the name of the medication with instructions on when (day/time) to take them. Mednow then delivers the prescriptions to the customer’s location (home/office) on the same day of order (or next day), free of charge.

The PillSmart system also determines when a customer’s prescription requires a refill, which is processed automatically before existing supply runs out. The medication is then delivered without the customer having to re-order individual prescriptions.

Mednow is a first mover creating a digital ecosystem that combines telemedicine, pharmacy and a broad spectrum of services. The company’s founders, management and Board have pharmacy and medical domain expertise, are experienced technologists and have a track record of success managing and growing publicly traded companies.
Likes
2.69K
Followers
213
Followers
730
Website visits
31.4K /mo.
Mentions
6

Overview

Location
Canada, Ontario
Employees
51-200
Phone
+1 855-633-6691
Total raised
$43.5M
Founded date
2019

Funding Rounds 2

DateSeriesAmountInvestors
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Jul 17, 2020Funding round$6.5M

Mentions in press and media 6

DateTitleDescription
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May 4, 2021Technology Companies Find Opportunity as Healthcare Goes DigitalNEW YORK, May 4, 2021 /PRNewswire/ -- From telecommuting with medical professionals to filling and paying for prescriptions online through digital pharmacies, digital health services are exploding for their convenience and accessibility, pa...
May 4, 2021Technology Companies Find Opportunity as Healthcare Goes DigitalFN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, May 4, 2021 /PRNewswire/ -- From telecommuting with medical professionals to filling and paying for prescriptions online through digital pharmacies, digital health servic...
Mar 5, 2021Mednow closes $37 million IPO as it’s set to list on TSXVToronto-based healthtech startup Mednow has closed its initial public offering, raising approximately $37 million CAD at a price of $6.75 per share. The company is expected to begin trading on the TSX Venture Exchange (TSXV) on March 9. Med...
Jul 23, 2020Mednow.ca raises CAD 6.5M to connect Canadians with pharmacies virtually
Jul 17, 2020Mednow.ca raises $6.5 million to connect Canadians with pharmacies virtuallyToronto-based Mednow.ca, a virtual care and pharmacy tech startup that launched earlier this year, has raised a $6.5 million CAD seed round. This represents Mednow.ca’s first round of external fundraising. “The soft launch has proved market...

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FAQ about Mednow.ca

When was Mednow.ca founded?

Mednow.ca was founded in 2019.

How much funding has Mednow.ca raised?

Mednow.ca has raised $43.5M in total across 2 funding rounds.

What funding rounds has Mednow.ca raised?

Parsers VC lists 2 funding rounds of Mednow.ca, among them a funding round of $6.5M on Jul 17, 2020.

What has the press written about Mednow.ca?

Parsers VC has collected 6 articles mentioning Mednow.ca, among them “Technology Companies Find Opportunity as Healthcare Goes Digital” (May 4, 2021) and “Technology Companies Find Opportunity as Healthcare Goes Digital” (May 4, 2021).

Is Mednow.ca still active?

Yes, Mednow.ca is active; its latest activity on Parsers VC dates from Jul 26, 2021.