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Santa Monica based healthcare company GoodRx goes public

first_imgHomeBusinessSanta Monica based healthcare company GoodRx goes public Sep. 26, 2020 at 6:02 amBusinessFeaturedHealthNewsSanta Monica based healthcare company GoodRx goes publicBrennon Dixson9 months agoGoodRx Shares of Santa Monica-based healthcare company GoodRx soared 53% on the stock’s first day of trading Wednesday and by week’s end had a market capitalization of nearly $20 billion.The company, whose app helps consumers save money on prescriptions and other healthcare services, raised a total of $1.3 billion in its initial public offering—$944 million from shares sold by the company and the remainder in shares held by pre-IPO investors.GoodRx is an online platform that catalogs coupons, which consumers can use at pharmacies to lower the price of their prescriptions. GoodRx generates the vast majority of its revenue from the prescription coupons, which are available to use at more than 70,000 pharmacies across the country.The company estimates that 18 million consumers could not have afforded to fill their prescriptions without the savings provided by GoodRx, according to its prospectus, which details the company’s plan to use the lion’s share of this week’s IPO proceeds to support the growth of the business.GoodRx was founded in 2011, a year after co-founder Doug Hirsch went to a pharmacy to pick up some drugs and was given a bill for $450, Hirsch wrote in the SEC filing.“I searched the internet and found that while I could compare prices for TVs or plane tickets, there was no guidance to help me to understand what healthcare should cost. I had stumbled into an inefficient, massive market that Americans, with or without insurance, had no ability to navigate,” the letter states. “I told my friend Trevor about my pharmacy experience, and we agreed that consumers, insured or not, desperately needed tools to sort through our confusing, frustrating, and expensive healthcare system. We also learned that physicians, medical professionals, and pharmacists across the country were likewise frustrated when patients couldn’t afford their prescribed treatments.”There were multiple ways patients could save on their prescriptions, but virtually nobody knew about them, Hirsch added. That’s all changed within a decade as consumers are more empowered and better informed than ever before“Millions of Americans — including many medical professionals — rely on GoodRx’s #1 ranked app to find affordable healthcare,” he said at the conclusion of the company introduction. “So far, we’ve saved Americans an estimated $20 billion on prescriptions and medical services… As much as we’ve accomplished in the past decade, we recognize that there is a tremendous amount of work — and opportunity — ahead of us.”[email protected] Tags :GoodRxshare on Facebookshare on Twitteradd a commentTransparency Project – Miramar lawyers donating to city councilTenants face mold, flooding, broken locks, and break-ins in rent-controlled unitYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press16 hours agoNewsCouncil picks new City ManagerBrennon Dixson16 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter16 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor16 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press16 hours agolast_img read more

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America’s First Delivery By Drone Drops Medical Supplies On Rural Health Clinic

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreA rural health clinic in Virginia’s mountains has beaten Amazon to the punch with the first government approved delivery by drone in the U.S.After a piloted plane delivered the drugs to the Lonesome Pine Airport in southwestern Virginia, the drone — built by Australian drone-maker Flirtey — made three trips, ferrying ten pounds of medical supplies to the temporary clinic set up at a nearby fairgrounds. Operators used an onboard camera to watch as they lowered each delivery to a drop-off point.Driving the drugs from a warehouse to the clinic would have taken 90 minutes. The plane and drone combination cut that time by more than half.Drones Drop Beneficial Bugs on Crops as a Natural Pest Control The company tweeted “Close-up of Flirtey delivering in Virginia today!” along with a picture of the drone shortly after it took off.“Proving that unmanned aircraft can deliver lifesaving medicines is an important step toward a future where unmanned aircraft make routine autonomous deliveries of your everyday purchases,” Flirtey CEO Matt Sweeny said.The FAA approved the flight and worked with NASA to monitor the operation. It served as a demonstration for potentially delivering supplies on a short deadline as well as a model for how eventual commercial deliveries could be carried out.(WATCH the video of the flight and READ more at the Guardian) — Photo: Flirty, Twitter Send This Story Flying To Your Friends And Followers…AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

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Twin-engine plane makes crash landing

first_img(Caribbean Media Corporation) ROSEAU, Dominica, Apr 8, CMC – A twin engine commercial aircraft crash landed at the Douglas Charles Airport here on Monday, but there were no immediate reports of injuries. Media reports said that the plane belongs to the Dominican Republic based Sky High Aviation Services that has schedule flights from Santo Domingo, Tórtola, Aruba, Curacao, St. Marteen, Bonaire, St. Kitts,  Antigua, Cuba, Bahamas, Eustatius, Jamaica and Dominica. Video recordings showed several people walking away from the aircraft. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… Dominica, St. Lucia bracing for storm force winds  Residents of Dominica, St. Lucia, Martinique and Guadeloupe were this morning advised to remain on the alert for tropical storm-force winds and heavy rains associated with the passage of a weather system through the region.  The 8:00 a.m. weather report from the US National Hurricane Centre did not declare…September 28, 2016In “CDEMA”LIAT’s new routes for summer 2015 take effect this weekJOHN’S, Antigua– A number of new services and non-stop routes which have been added to the summer schedule of LIAT, The Caribbean Airline, will come into effect on July 15 and 16. From Antigua, customers will now enjoy a new daily service to San Juan each evening. This is in…July 13, 2015In “Antigua & Barbuda”Strong CARICOM support for hurricane ravaged DominicaThe Governments and people of Caribbean Community (CARICOM) Member States continue to actively support their sister country Dominica following Monday night’s devastating passage of Category 5 Hurricane Maria. “We’ve lost all that money can buy”, Prime Minister Roosevelt had disclosed after surveying the widespread damage to houses and infrastructure.  A…September 24, 2017In “Antigua & Barbuda”Share this on WhatsApp Oct 16, 2020 Oct 15, 2020 CMO says Saint Lucia at critical stage of COVID-19 outbreak Oct 16, 2020center_img You may be interested in… Barbados releases new COVID-19 Travel Protocols Oct 16, 2020 CARPHA Partners with, PAHO to Ensure Caribbean States’… Six Eastern Caribbean countries deemed safe for travel – CDC last_img read more

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World Demolition Summit 2020 – Registration open

first_imgThe 12th WDS, including the World Demolition Awards, takes place on Thursday 12 November at 3pm (UK time) and for the first time it will be an online event due to the Covid-19 pandemic forcing the postponement of the two-day event scheduled for Vienna, Austria.The “virtual” summit will be slightly shorter than that – it will last around two hours – but it will retain the mix of thought-provoking project-based conference presentations and the awards ceremony’s celebration of innovation and best practice that the WDS has become well known for.Once again the event has been organised by Demolition & Recycling International magazine in co-operation with the European Demolition Association and the National Demolition Association of the USA.Headline sponsor is Volvo Construction Equipment and we are also delighted to welcome Komatsu (break sponsor), awards category sponsors Epiroc and Steelwrist, and supporting sponsors Genesis, Kocurek Excavators, the National Federation of Demolition Contractors and Sennebogen.The 2019 event in Boston, USA, attracted a record attendance of more than 450 industry professionals, and with no travel necessary to enjoy this year’s WDS, we look forward to you joining us in numbers. This year’s World Demolition Summit (WDS) is just over two months away – but you don’t need to wait to book your place as the registration site for the event is now open.You can register for the event – free of charge – by visiting https://www.demolitionsummit.com/#*#*Show Fullscreen*#*#last_img read more

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President Mugabe: Give Donald Trump time

first_imgPIC COURTESY PIC COURTESYZimbabwe’s Robert Mugabe has asked people to give the US President Donald Trump time.Mugabe in excerpts of an interview by state media that will be broadcasted to mark his 93rd birthday on Tuesday said Trump’s Mexico wall “appears quite nasty” but the US president “might come up with better policies”.“I don’t know whether the construction of the wall between America and Mexico is feasible… it appears quite nasty,” the Sunday Mail quoted Mugabe.Mugabe was largely unwilling to criticize Trump, though he did admit the US president was “radical”.“I was surprised by his election but I didn’t like Madam Clinton either,” he said.Mugabe also said it was “arrogant” of former US president Barack Obama to extend sanctions on Zimbabwe before he left office in January.The Zimbabwean President who has been in power since his country’s independence in 1980 said he was ready to work with Trump’s Republican administration adding that he has no problem with Trump’s idea of American nationalism.last_img read more