Pharmacy2u Ltd, an online pharmacy business, has received £3m in investment
from two companies. The company has recently relaunched its website (www.pharmacy2u.co.uk).
Onmedica Group Plc has made a £2m equity investment in Pharmacy2u. As
a result it will have two non-executive directors on Pharmacy2u’s board,
including Mr Keith
McCullagh as chairman. Mr McCullagh was a founder and the former chief executive
of British Biotech Plc.
Onmedica recently aquired Ukpractice.net Ltd, an internet portal for general
medical practitioners. The companies believe that linking Pharmacy2u’s
electronic pharmacy services with Ukpractice.net’s 22,000 registered GPs
is a first step towards creating a nationwide e-prescribing service. Pharmacy2u
has registered an interest in undertaking one of the pilots of electronic prescription
transmission.
Crédit Agricole Indosuez, an investment bank, has made a £1m investment
in Pharmacy2u and will have one non-executive director on the board.
Speaking to The Journal recently, Mr Daniel Lee (managing director, Pharmacy2u)
said that the company had now been successful in raising the necessary finance
to further develop its services. Its website was relaunched on October 30 with
“a lot of added functionality”. The investment would also be used
for raising awareness of Pharmacy2u among consumers and health care professionals.
The company had recently appointed Mr Richard Littlehales as finance director
and Mr Jon Cohen, MRPharmS, as business-to-business (professional services)
director.