PharmiWeb Today Story
Axmed’s B2B marketplace aggregates demand for critical medicines in underserved regions to improve the availability, affordability, and distribution of life-saving medicine while extending manufacturer footprints in new markets.
Basel, Switzerland – May 8, 2024: For too long, low- and middle-income countries (LMICs) have borne the brunt of global health disparities—accounting for over 80% of the world's population and more than 90% of its disease burden—yet representing a mere 6% of global pharmaceutical revenue. Equitable access to high quality affordable medicines remains a daunting task, and addressing this challenge has never been more critical. Axmed, an innovative two-sided B2B marketplace platform, is taking a bold and meaningful step forward in addressing this disparity with the announcement of a $2 million seed funding round. This investment aims to accelerate the affordability, availability, and distribution of essential and innovative medicines in underserved regions.
The fresh investment was led by Founderful and complements an earlier $5 million in grant funding from the Bill and Melinda Gates Foundation, bringing total funds raised to $7 million. These funds will bolster Axmed's expansion, enhancing its engineering and commercial teams and advancing its technology infrastructure to initiate operations in strategically selected markets within Africa and the Caribbean.
Axmed's B2B marketplace optimises the procurement process for healthcare providers in emerging and growth markets, catering to public, third sector, and private entities. The platform …
Read More...Articles
Top 6 Pharmaceutical Companies in the UK 2024
30-Apr-2024
What Does a Clinical SAS Programmer Do?
16-Apr-2024
The Evolution of Clinical Data Management
10-Apr-2024
9 Clinical Data Management Career Paths
08-Apr-2024
Featured Events
-
Reuters Events: Pharma 2021
11-Oct-2021 - 22-Oct-2021 -
HFpEF Drug Discovery & Development Summit 2022
25-Jan-2022 - 27-Jan-2022 -
AI in Healthcare Summit Boston 2022
13-Oct-2022 - 14-Oct-2022 -
Finding the Value in Strategic Outsourcing Partner…
22-Feb-2023 - 22-Feb-2023 -
Reuters Events: Pharma USA 2023
28-Mar-2023 - 29-Mar-2023 -
Genomics and Precision Medicine Expo
23-May-2023 - 24-May-2023
News
-
Glioblastoma Treatment Market to Surpass USD 10.3…
09-May-2024 -
Nephrology Drugs Market to Reach USD 26.9 Bn by 20…
09-May-2024 -
Functional Cosmetics Market to Reach USD 6.8 Bn by…
09-May-2024 -
Fertility Clinics Market Projected to Grow at 11.2…
09-May-2024 -
Post-Acute Care Market Set to Achieve USD 1,601.5…
09-May-2024 -
Ambulatory Surgical Center Market Projected to Sur…
09-May-2024