Finite number of pharmacies in Australia, surprisingly how many pharmacies I have encountered that have had the program installed yet either don't use it or very minimal. Joe Public is one of the other negatives, people will download the app, shown how to use it etc, then fail to use it, the app itself has flaws which gives people a negative experience and like most negative app/web experiences most will not try again.
Does Medadvisor run through Chemist Warehouse chain ( > 800 sites )? Where does other income come from once uptake rate reaches near maximum?
Enjoy the next few days/weeks of trading, until the numbers fall into place & the hype evaporates.
One other thing, Australian pharmacies have had their generic drug wet dream finally busted by Medicare and quite a few are under big financial pressure to cut ,cut,cut expenses. Wouldn't it be reasonable for some pharmacies in the future to cut this cost out of their outlays? After all for a large number of pharmacies, generally, 80% of RX is generated by ~ 20% of regular customers, many are elderly, are tech adverse or don't need a smart phone and often already leave their scripts at the pharmacy or increasingly have their regular meds packaged in "webster" packs.
Enjoy the trading & pick your exit/profit
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