Rexanto
Cloud-based managed-market of goods & services for prescription industry. Reduces med costs, saves lives & enhances healthcare informatics
- Stage Full Product Ready
- Industry Healthcare Services
- Location Sunnyvale, CA, USA
- Currency USD
- Founded April 2008
- Employees 7
- Website rexanto.com
Company Summary
60% of US prescriptions ("Rxs") are sold at brick-and-mortar pharmacies, with 2010 sales of $182B (3.73B Rxs). The production of Rxs is siloed and wasteful; at pharmacies, at distributors and at manufacturers. Medicare mandate and patent expiries reduce margins and emphasize urgency for change. Rexanto managed-market for Rx industry saves $16B in $98B sector. UPS Healthcare, 7 manufacturers and network of 90 pharmacies have signed on.
Team
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Rohan CoelhoCEO
3rd business for the prescription industry; last business, Daverci Solutions Inc, still leading provider of paperless Rx solutions for long term care; 7 products to market in 4 industries, over 30 patents.
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Dave FongChief Pharmacy Officer
Registered Pharmacist; was GM of pharmacies at Safeway, $4B annual sales/1150 stores; pioneered central fill at Longs Drug Stores; was on California Board of Pharmacies.
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Dan JensVP/Client Experience & Sales
Registered Pharmacist, corporate pharmaceutical and pharmacy experience; built and sold 2 independent pharmacies; pioneered 7 Day fills and pharmacy automation.
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Rick BrunsDir/Distribution Services
Over 20 years at IBM, Ingram Micro, and others; assembly lines for IBM still in use at offshore plants
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Joe RuggieroVP/Operations
Senior Director, Bayer Diabetes Care business unit. Experience with FDA, GMP, ISO, Six Sigma
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Keith PerryVP/Finance
Finance executive at 6+ startups. Director of Finance for several Intel divisions.
Previous Investors
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Friends and Family ($250K)Unconfirmed
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