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Health Tech Startup mPharma Has Served 100K Patients a Month, Now It's Expanding to Ethiopia

Ghanaian health tech startup mPharma — which works to improve access to medicines — is continuing its mission to provide innovative financing and accessibility solutions in the medical field by expanding its markets to Ethiopia, TechCrunch reports. As one of the toughest markets to enter to date, extending mPharma’s operations to the East African country will only help the startup achieve its goal of ruling African healthcare. The company — which was founded in 2013 by Daniel Shoukimas, Gregory Rockson and James Finucane — has established a system that specializes in vendor-managed inventory, retail pharmacy operations and market intelligence on behalf of the hospitals, pharmacies and patients it serves. As outlined by TechCrunch, Africa’s $50 million pharmaceutical market still faces challenges such as low stock of inventory and excessive prices that make it difficult for many Africans to get ahold of the medications they need to treat their illnesses. mPharma’s goal is to...

Njera Perkins

Mar 11, 2021