Truepill closes funding round to refocus on Core

SAN MATEO, Calif., Nov. 11, 2022 (GLOBE NEWSWIRE) — realpillthe company that is transforming consumer healthcare by delivering unprecedented B2B digital pharmacy experiences, recently closed a fundraising that will allow the company to invest in meeting the needs of its existing customers, achieving excellence operational and create future growth for the company.

The fundraising is in sync with Truepill’s strategy to focus on its core pharmacy business. To date, the company has achieved double-digit growth through its market-leading APIs and digital pharmacy experiences, powering leading health and wellness companies such as Mark Cuban Cost Plus Drugs, GoodRx, Levels and a leading pharmaceutical manufacturer.

Truepill also recently promoted Paul Greenall to president. In his new role, Greenall will align customer retention and growth with expanded operational capabilities, including the Cincinnati, Ohio-based company’s newest high-volume facility. The opening of this ninth location reflects one of many investments to expand Truepill’s distribution network and is supported by the recent fundraising which expands the capacity of existing customers and positions the company for growth in 2023.

“I am thrilled to take on this expanded role and to work closely with Sid and our amazing teams to drive our next stage of growth and transformation. We are proud to power the pharmacy experiences that millions of consumers interact with every day and very grateful to our investment partners for their commitment and dedication to being part of Truepill’s journey,” said Greenall.

The Truepill team will be present at HLTH Conference in Las Vegas this week where co-founder and CEO Sid Viswanathan, will talk about the next state of B2B digital health and his vision for the future of digital consumer experiences.

About Truepill:
Truepill powers the future of consumer healthcare by enabling our customers to deliver modern, digital pharmacy experiences at scale. Truepill enables its partners to deliver convenient and accessible care and provides the building blocks needed to launch and grow world-class healthcare experiences. Founded in 2016, Truepill’s extensive suite of B2B solutions includes nationwide prescription fulfillment and delivery, white label packaging and product design. With a national network of owned and operated pharmacies and distribution centers, Truepill accreditations include URAC Accredited Mail Order Pharmacy, URAC Accredited Specialty Pharmacy, NABP, Digital Pharmacy Accreditation and FDA Registration . Learn more about www.truepill.com.

Contact:
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ddac8026-b26f-41f7-8575-6999058ff49a

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