In this episode of The State of the Economy Podcast, Jyothi Datta and PharmEasy co-founder Dharmil Sheth discuss the importance and role of online pharmacies in the healthcare system. This conversation touches on all aspects of the online pharmacy industry, including regulation, compliance, traditional pharmacy concerns, and data protection.
Sheth explained that online pharmacies act as an intermediary between patients and pharmacies, ensuring safe and convenient delivery of medicines across the country. He stressed that the industry complied with prescribing requirements and data protection laws.
The discussion covered challenges facing the online pharmaceutical industry, such as concerns about prescription misuse and antibiotic resistance. Xie Si believes that these problems exist both online and offline, and the focus should be on solving industry-wide problems. He highlighted the advantages of technology in addressing these challenges and ensuring a level playing field for all pharmaceutical companies.
He also talked about discounts and advertising, saying online platforms offer discounts based on margins of partner retailers, and cross-selling and up-selling help retain patients. Regarding data protection, he assured that online platforms follow strict guidelines and store patient data securely in India. He called for industry-wide solutions rather than just targeting online platforms.
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(Host: Jyothi Datta, Producers: Jayapriyanka J, Anjana PV)
Podcast about the state of the economy
India’s economy has been hailed as a bright spot amid the general gloom gripping the rest of the world. But while other industries appear to be firing on all cylinders, several continue to stall. To help you understand the contradictions in this country, Business line Bringing you podcasts from experts ranging from finance and marketing to technology and startups
