Navigating the Challenges in the Pharma and Online Pharmacy Industries

The pharmaceutical industry in Europe faces financial challenges due to delays in reimbursements. Factoring, a financial transaction where a business sells its invoice to a third party for immediate cash, is seen as a strategic solution. The European online pharmacy market is projected to reach a valuation of US$23.61 billion by 2023, driven by factors such as an aging population and cost-effectiveness. GNC Health has launched three different subscription plans to attract consumers, while digital pharmacies are gaining popularity for convenient access to prescription medications. Not-for-profit drug manufacturer Civica Rx has improved drug supply security and reduced costs, according to a study.