Former Canadian Rx Importer Goes Domestic
By George Anderson
David Peoples fought the law and the law won.
Mr. Peoples, co-founder of Rx Depot, ran afoul of federal authorities last year over the importation of prescription medicines from Canada and his business was forced to close.
Not one to be discouraged for long, Mr. Peoples has started a new e-tail business, Integrity Meds, that once again offers consumers lower prices on prescription medicines than typically found at the corner drugstore.
“On name brands, people can save some money, but on generics they’re going to rub their eyes and check it again,” he told the Associated Press. “It’s going to be a shock.”
Integrity Meds operates by connecting consumers with a mail order pharmacy right here in the USA — Carepharm of New Boston, Texas.
Consumers who mention Integrity Meds are sold prescriptions at cost plus a $10 dispensing fee. Integrity Meds gets $1 per customer and Carepharm expands its cash paying customer base.
All of the drugs sold by Carepharm are manufactured and distributed in the U.S.
About seventy-percent of Carepharm’s orders come through Integrity Meds, according to Mr. Schafer.
Moderator’s Comment: What are your thoughts on the Integrity Meds and Carepharm business model?
Interestingly, David Peoples sees his business as following the dollar store model. He says the $1 fee Integrity Meds receives for each prescription helps
cover his modest overhead while delivering profits at the same time.
This time around, he’s also intent on not butting heads with the authorities. Last year, a federal judge ordered the doors closed on Rx Depot’s 85 storefront
George Anderson – Moderator