SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion

▤ Summary

SmithRx a next-generation pharmacy benefits management (PBM) company announced it closed a $60 million Series C financing round. At the core of this broken system are pharmacy benefit managers that drive up the costs. The SmithRx model provides access to lifesaving and innovative drugs at low cost to patients. We use technology to simplify and create a viable path forward for plan sponsor clients, patients, brokers, and manufacturers.Currently, the pharmacy sector ecosystem is riddled with, and frankly built on, misaligned incentives. SmithRxs radically aligned, and therefore unique, PBM platform ensures the best savings possible in the most transparent way for every employer, regardless of size.

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