Every year 700MnUSD of medicines are destroyed in Latam. On the other hand, 45% of chronic patients (+4 million in Chile, +100 million in Latam) must interrupt or abandon their treatment because of the high cost of drugs. Mainly, due to a highly concentrated retail pharmacy industry with+300% distribution margins and limiting sales to products over 12 months to expiration.
FarmaLoop is a circular based online pharmacy focused on chronic patients, avoiding drug destruction and giving access to patients to disruptive low prices with the best and simplest customer experience.
We have partnerships with 85% of pharma labs in Chile, through a 50%/50% sharing sales commercial agreement, which allows us to offer prices 40%-90% lower than competitors with a innovatice element: the closer the expiration the lower the price. This enable us, supported by data mining models, to capture the patient consumer behavior and offer them the right product at the right price, targeting a suscription pla