MedPlus offers 50-80 pc discount on 500 home brand medicines
MedPlus would initially offer discounts on over 500 therapeutic and chronic medicines and would eventually extend discounts on more than 800 products in the next three months
- Health
NewsTAP Bureau- Updated On:21 Jun 2023 1:08 PM GMT
HYDERABAD: MedPlus, India's premier Omni-channel retail pharmacy and diagnostics chain, announced a staggering 50 to 80 percent discount on over 500 off-patent therapeutic and chronic drugs under its own brand on Wednesday.
MedPlus has the size and ability to get all medicines supplied by high-quality manufacturers, with a massive network of over 3,800 retail shops across seven states and serving over one crore customers every month.
MedPlus also employs a thorough testing procedure to ensure that products satisfy the highest quality and efficacy standards. Using seamless mechanisms to better serve its consumers, the company now launched 500 medications under the MedPlus brand and would offer them at a staggering 50 to 80 percent discount.
Speaking about the industry-first initiative, Gangadi Madhukar Reddy, MD & CEO, MedPlus Health Services said,“MedPlus constantly strives to bring the best practices to the pharmacy business and is focused on making genuine and branded medicines available for the consumer at the most affordable cost. In a giant leap towards our unwavering commitment to the consumers, we are introducing a new discount regime that will provide substantial savings to the customers. We are able to offer 50 to 80 percent discount since we operate at a massive scale based on our ever-growing store network. Our size allows us to eliminate marketing, distribution and other retail costs and we are passing on these benefits to customers.”
MedPlus would initially offer discounts on over 500 therapeutic and chronic medicines and would eventually extend discounts on more than 800 products in the next three months. These medicines would include Over-the-counter (OTC) and prescription drugs used in treating various diseases such as hypertension, diabetes, heart disease, kidney ailments and many more.
MedPlus, which was founded in 2006 by Gangadi Madhukar Reddy, a Wharton School alumnus and serial entrepreneur, has been revolutionising the pharmacy market in India by providing consumers with authentic and high-quality pharmaceuticals through innovation and safety practises. MedPlus was the first organised pharmacy retailer in the country to offer a 20 percent discount on all branded medications, and it continues to set newer benchmarks in the market.
