What's Going On With TRxADE Health?
TRxADE Health (MEDS) stock soared on Thursday after the company announced its subsidiary, MedCheks, launched its Health Passport app for download on the iOS App store. Shares of the company were trading up 136% to $9.45 a share on Thursday.
What Does This Mean For TRxADE Health?
The MedCheks app provides a QR code to securely show proof of a health record, such as vaccination or test results to gain entry to a country, establishment, event or mode of transportation where verification protocols are increasingly required. The app is a major addition to the TRxADE HEALTH next-gen technology portfolio, meeting the demand for advanced, cost-effective digital healthcare applications to aid the reopening of the economy as the pandemic subsides.
"The Medcheks app maintains a safe and secure digital health record that can be used in real-time for entry to any location as long as the end-user is a partner in our network or is looking for proof of health Record i.e vaccination or a negative COVID test," said James Ram, President of MedCheks, a TRxADE HEALTH company. Adding, "we are working to rapidly build our future partner network of countries, and companies across all verticals, who value the security, ease and cost-effective measures afforded by a trusted app designed to securely reestablish day-to-day operations. We look forward to driving a successful launch with our initial partners in the months to come."
TRxADE HEALTH, Inc. operates as a health services IT company in the United States. The company focuses on digitalizing the retail pharmacy experience by optimizing drug procurement, prescription journey, and patient engagement.
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Trxade Group Inc engages in designing and developing business to business web-based platform which provides buying and selling opportunities for pharmacies and national suppliers of the pharmaceutical industry. The products developed by the company are trxade.com which is a web-based pharmaceutical platform for promoting and trade among independent pharmacies and suppliers, inventoryrx.com which is also a platform for promoting and trading among suppliers and manufacturers nationally, pharmabayonline which provides access to pharmaceutical data analytics to United States based independent pharmacies, and rxguru which is a service based desktop software applications for providing drug pricing and analytics.
