dwelling diagnostics inc. LetsGetChecked introduced that it has accomplished the acquisition of digital pharmacy and telemedicine startup Truepill.
LetsGetChecked presents at-home assessments for sexual well being, diabetes, thyroid, ldl cholesterol and COVID-19, whereas TruePill is an internet digital pharmacy.
The acquisition expands LetsGetChecked’s pharmacy and know-how choices, offering the corporate’s sufferers and Truepill sufferers with longer protection from well being testing to remedy, giving them entry to LetsGetChecked well being testing and digital care providers.
Truepill will function as a subsidiary of LetsGetChecked.
“We’re excited to affix forces with LetsGetChecked to convey our digital pharmacy capabilities to a wider viewers,” Truepill CEO Paul Greenall mentioned in a press release.
“By combining our pharmacy platform with the great well being options supplied by LetsGetChecked, we’re offering clients and sufferers with a first-of-its-kind full healthcare expertise, offering a continuum from screening to remedy. Collectively we may help extra of life sciences, well being plan, employer and supplier clients ship the best high quality care and expertise to their sufferers.
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In 2022, LetsGetChecked acquired US$20 million strategic funding. It additionally entered the genomics house with the acquisitions of Veritas Genetics and Veritas InterContinental, and purchased BioIQ, an organization that companions with employers and well being plans to offer laboratory testing, well being screening and vaccination providers.
The New York-based firm accomplished The Sequence D spherical a 12 months in the past was value $150 million. The funding follows earlier rounds in 2018, 2019 and 2020.
Earlier this 12 months, Truepill has partnered with medtech prescription specialist ScriptDrop to combine ScriptDrop’s same-day prescription supply service with Truepill’s platform, permitting sufferers to decide on a retail pharmacy for medicine supply via ScriptDrop’s two-hour service.
In 2022, the U.S. Drug Enforcement Administration (DEA) imposed extreme penalties on Truepill The order explains the unlawful distribution of 1000’s of prescription stimulants, together with Adderall, used to deal with ADHD.
The DEA mentioned the California-based on-line pharmacy stuffed greater than 72,000 prescriptions for managed substances between September 2020 and September 2022, 60% of which have been stimulants, together with generic variations of Adderall.
The company additionally alleges that Truepill disbursed managed substances for prescriptions that weren’t stuffed for official medical functions, disbursed prescribed drugs that have been stuffed by prescribers who didn’t have acceptable state licenses, and illegally exceeded the 90-day provide restrict .
