AUSTRALIA'S largest generic medicines company, Arrotex Pharmaceuticals, is backing a Melbourne-based prescription medicines fulfilment service.
Arrotex has invested $1.25 million to become a "strategic shareholder" in Medmate, a digital platform that provides secure express delivery of pharmacy products to patients within 60 minutes.
Medmate was co-founded by former Healius executive and GP, Dr Ganesh Naidoo, and pharmacist, Wael Hanna, and has secured a total of $1.6 million in seed capital, with Arrotex Executive Chair, Dennis Bastas, joining the firm as a strategic advisor.
The start-up has been approved and is conformant with the Australian Digital Health Agency requirements as a secure electronic prescription enabled e-commerce platform.
Bastas said the firm's capabilities will support community pharmacies in developing their online businesses.
"We believe in the value that Medmate is providing pharmacies in their digital transformation journey," he said.
"Importantly, patient care is strengthened with simple, on-demand access to medication supply, improving adherence and population health outcomes."
Naidoo said Medmate was "laser focused on its growth strategy to service all Australians with seamless, on-demand medication delivery from their local pharmacy", with the service now available in all metropolitian areas across the country.
"We are excited to accelerate our rollout to support patients and pharmacies with secure medication ordering solutions," he said.
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