SOURCE: Trxade Group, Inc.

Trxade Group, Inc.

October 01, 2015 09:00 ET

Fundamental Research Corp Announces It Initiated Coverage of Trxade Group, Inc.

TAMPA, FL--(Marketwired - Oct 1, 2015) - Trxade Group, Inc., (OTCQB: TRXD) is a web-based pharmaceutical marketplace engaged in promoting and enabling trade among independent pharmacies and large pharmaceutical suppliers nationally (wholesalers). Currently, the company's market platform is used mainly by around 4,300 retail pharmacies to purchase drugs from 24 wholesalers (supplier to pharmacy). Proprietary software enables users of Trxade's network to compare prices of branded and generic drugs, and order products at the most favorable prices prevailing at the time of the search. As wholesale price disparities among vendors are most pronounced in generic drugs, the retail pharmacies' searches tend to focus on this segment of the market.

TRXD has developed a pharmacy acquisition cost (PAC) benchmark against which retail pharmacies can compare quoted supplier prices with the average cost charged retail pharmacies. The PAC benchmark is based on data, which includes data obtained in surveys of retail pharmacies and drug wholesalers, statistics on prescription dispensing, and the costs of disposing of old drug inventory.

The company also operates a wholesale business and distributes directly private label pharmaceuticals thru their 100% subsidiary Westminster Pharmaceuticals to these registered members.

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All research issued by Fundamental Research Corp. is based on public information. Fees were paid by TRXD to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, TRXD has agreed to a minimum coverage term including four reports.

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