#37: mPharma - How the HealthTech supply chain platform is providing services to pharmacies & patients across Africa
Afrobility: Africa Tech & BusinessSeptember 05, 2021
37
02:02:10223.71 MB

#37: mPharma - How the HealthTech supply chain platform is providing services to pharmacies & patients across Africa

Overview: Today, we’re going to talk about mPharma - the Ghanaian prescription drug inventory management company. We’ll explore the mPharma story across 6 areas:

  1. African Health care status & context
  2. mPharma founding and early history
  3. Fundraising & Growth
  4. Product & monetization strategy
  5. Competitive positioning & potential exit options
  6. Overall outlook.

This episode was recorded on Sep 5, 2021


Companies discussed: mPharma, Novartis, DrugStoc, Medsaf, Helium Health, Golden Palm Investments, Novastar ventures, CDC & Gates Foundation


Business concepts discussed: Healthcare Logistics, drug distribution, Healthcare technology, Health insurance coverage, Health platforms, IFC & Public policy


Conversation highlights:

  • (01:14) - Why we’re talking about mPharma
  • (05:18) - Background of Healthcare in Africa
  • (198:41) - Healthcare and Pharmacy / Drugs access in Nigeria
  • (26:05) - Healthcare context and insurance in Ghana
  • (27:15) - mPharma founding and early history - Gregory Rockson background
  • (43:56) - Fundraising - Seed, Series A, B, C
  • (56:00) - Traction - users, reported revenue, etc.
  • (1:01:50) - Product strategy - Quality (Shop) Rx, Mutti, etc.
  • (1:11:57) - Monetization strategy
  • (1:14:17) - E-Commerce logistics vs healthcare logistics
  • (1:21:48) - Competition
  • (1:34:22) - Options for exit - mergers, acquisitions
  • (1:36:56) - Bankole’s overall thoughts and outlook
  • (1:45:36) - Olumide’s overall thoughts and outlook
  • (1:55:47) - Recommendations and small wins


Olumide’s recommendations & small wins:


Bankole’s recommendations & small wins:


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