InStockRx Wins 1871 Supply Chain Pitch, Announces GS1 Partnership

TAMPA, Fla. - Dec. 5, 2024 - PRLog -- InStockRx, the world's largest centralized inventory hub for surplus medications, was awarded the winning pitch at the 1871 Supply Chain Innovation Summit in Chicago. From a pool of over 100 companies that applied, of which 35 selected to participate in the Supply Chain cohort, InStockRx took the top spot for its innovative approach to addressing drug shortages and waste in the pharmacy supply chain.

InStockRx is a pioneer in sustainable pharmacy supply chains, with its data platform and pharmacy-to-pharmacy marketplace. InStockRx not only helps pharmacies improve profitability but also ensures patients have timely access to necessary medications.

"Winning the 1871 Supply Chain pitch event brings us one step closer to revolutionizing healthcare—reducing waste and ensuring access to life-saving medications," said Jeremy Froehner, Co-Founder of InStockRx.

InStockRx recently shared with The Supply Chain Report a new collaboration with GS1 to enhance pharmacy supply chain transparency, utilizing GS1's standards alongside the Drug Supply Chain Security Act (DSCSA): https://supplychainreport.org/instockrx-collaborates-with-gs1/

Independent pharmacy owners are invited to join the InStockRx platform at no cost and can receive $50 in credits when they join. Credits can be applied to seller transaction fees on the marketplace: https://pharmacy-admin.instockrx.com/create-account

About InStockRx
InStockRx is an innovative platform dedicated to optimizing pharmacy supply chains by aggregating medication data, identifying surplus, and facilitating redistribution in compliance with the Drug Supply Chain Security Act (DSCSA). Through its pharmacy-to-pharmacy marketplace and inventory analytics leveraging AI, InStockRx combats medication waste, enhances efficiency, and addresses drug shortages, setting a new standard in pharmacy distribution.

To learn more about InStockRx, visit www.instockrx.com