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Bloomberg

Buying Prescriptions Over the Net

Bloomberg Radio – Mar 22, 2006

Buying prescriptions over the Internet. Bloomberg Boot Camp, a report on today’s technology. There’s a lot to be wary of when it comes to buying online. Especially when it comes to pharmaceuticals. Some of the biggest spammers are shady outfits trying to sell Viagra and similar drugs online. A Web site called KwikMed.com….spelled with a K… used to fit that profile….but under new ownership, it has been licensed by the state of Utah to prescribe certain medicines over the Internet. CEO Peter Ax….an attorney with an MBA from the Wharton School…says physicians affiliated with the site…do the prescribing…and medications are sent from licensed pharmacies….

“What happens is, our software takes all the information that you input as a patient and then it runs it through certain standardized medical scales. A physician looks at all the information and decides whether or not it’s appropriate for you to receive a prescription. Or does the physician need additional information in which case he may call you or he may email to you. Or he may simply on its face say you’re not entitled to a prescription, we’re not going to give you a prescription.”

Ax claims the online interview process is often more thorough than what takes place in a doctor’s office. And the site only prescribes a short list of medications…

“And right now we sell three erectile dysfunction drugs and a hair loss drug. We are in the process of trying to add cholesterol management.”

The idea remains controversial, to say the least, however, in both the medical and pharmaceutical communities. Bloomberg Boot Camp, I’m Fred Fishkin.

KwikMed in the News

Watson Pharmaceuticals
December 1, 2010
Watson Launches ella(R) (ulipristal acetate) Emergency Contraceptive


USA Today
January 5, 2010
In Utah, a push to expand online prescriptions nationwide


Salt Lake Tribune
January 05, 2010
Utah to regulate online RXs?


US News & World Report
October 27, 2008
Ordering Medications Online…


US News & World Report
On Men blog
October 24, 2008
Ordering Viagra Online…


Individual.com
October 22, 2008
KwikMed’s Online Patient Diagnosis…


Mayo Clinic Proceedings
August 1, 2008
Safety of Prescribing…


Fortune
March 1, 2006
The Right Rx


The New York Times
October 24, 2005
Pharmacies Endorse Crackdown on Fraud


The Wall Street Journal
November 16, 2004
Online Dispenser of Drugs Wants Some Respect


Bloomberg
March 22, 2006
Buying Prescriptions Over the Net


IT Conversations
Larry’s World Interview with Peter Ax


Licensed to Prescribe Online