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NowRx is not publicly traded at this time. However, there are still ways for investors to gain indirect exposure to stocks in the sector.
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Visiting a pharmacy isn’t one of life’s most “fun-filled” experiences. But everyone’s gotta do it.
But what if you didn’t?
Companies like NowRx make it possible to not only stay in your stretchy pants but stay at home. NowRx makes it possible to order prescriptions as if ordering from Uber Eats.
Although NowRx is in its beginning stages, it’s already shaking up the medical system with its efficient same-day delivery model.
With such a hot idea for the healthcare industry, many investors want NowRx stock — now! However, finding NowRx’s stock price is more complex than investing in other telemedicine tickers.
Find out how to buy NowRx stock and the top alternative ways to invest in this novel healthcare niche.
NowRx: The Basics
NowRx is a prescription service that offers same-day delivery of medicines to patients.
The company’s founder and current CEO Cary Breese said he got the idea for NowRx after an annoying experience at his local pharmacy. Perturbed (but also piqued by the potential of streamlining prescription pickup) Breese partnered with NowRx’s current CTO, Sumeet Sheokand, to launch this delivery platform.
If NowRx is available in your area, you simply enter your details online, request a prescription from your pharmacy, and, presto, a delivery dude or dudette will deliver your pharmaceuticals.
Since its founding in 2015, NowRx has delivered over 100,000 prescriptions to 18,000 customers, most in Californian cities like LA and San Francisco. Recently, NowRx expanded outside the Golden State with operations in Mesa, Arizona.
Funding data suggests NowRx raised almost $80 million across multiple funding rounds, and it already has a valuation estimate of between $100 to $500 million.
Can You Buy NowRx Stock? Is NowRx Publicly Traded?
If you’re trying to figure out how to buy NowRx stock, there’s no way to add this company to your portfolio yet. NowRx is a privately-held company, so you won’t find a NowRx stock symbol on a public exchange like the Nasdaq.
However, there’s some hope in the investor community that NowRx may IPO soon.
Why?
Well, the current CFO of NowRx — Mark Marlow — has a history of helping innovative healthcare companies list on the stock market. While this doesn’t mean NowRx hired Marlow to plan an IPO, it may signal their interest in entering the market.
At this point, however, there’s no way for retail investors to buy NowRx stock.
How to Buy NowRx as a Retail Investor
You can’t buy NowRx stock as a retail investor because it’s not publicly traded.
However, even though there’s no NowRx price chart, you can invest in the digitization of healthcare. There are plenty of alternative ways to get exposure to trends like telemedicine.
Who Owns NowRx?
Since NowRx is private, nobody outside of the company knows its financials. However, co-founders and company leaders Cary Breese and Sumeet Sheokand likely hold a significant stake in NowRx.
Also, recent fundraising data suggests investors and VC firms have already poured $79 million into NowRx. A few prominent NowRx investors include Decathlon Capital Partners and RocketReach’s founder Amit Shanbhag.
Does Cary Breese Own NowRx?
Cary Breese is the co-founder and current CEO of NowRx, so he obviously plays a big role at this company.
While it’s safe to say Cary Breese has a lot of stock in NowRx, we don’t know how much he holds. Unless NowRx releases its financial reports to the public, we can only speculate on ownership rights.
How to Invest in NowRx Stock as a Retail Investor
Retail investors can’t buy NowRx stock directly since this company is in the private sector.
For those impatient to invest in revolutionary healthcare companies like NowRx, you’ll need to look into alternative stock ideas. There are plenty of accessible ways to get involved in telemedicine without buying NowRx stock.
Note: This article does not provide investment advice. The stocks listed should not be taken as recommendations. Your investments are solely your decisions.
Since NowRx is at the intersection of healthcare and digital solutions, a good way to find similar companies is to investigate the telehealth and telemedicine sectors.
There are a lot of names to consider in this growing field, but here are a few suggestions to get you started:
- Hims & Hers Health (NYSE: HIMS)
- Teladoc (NYSE: TDOC)
- Healthstream (NASDAQ: HSTM)
- GoodRx (NASDAQ: GDRX)
- American Well Corp (NYSE: AMWL)
Also, many mega-cap companies are getting involved in the telehealth revolution. For instance, CVS Health Corp (NYSE: CVS) and Walgreens Boots Alliance (NASDAQ: WBA) have exposure to prescription deliveries.
The eCommerce giant Amazon (NASDAQ: AMZN) is also entering the prescription delivery game with its Amazon Pharmacy department.
You could also look into healthcare-specific ETFs like Health Care Select Sector SPDR Fund (NYSE: XLV) to add this sector to your portfolio.
Want to explore the stocks listed above? Check out WallStreetZen for more detailed analysis.
How to Buy the NowRx IPO
Here are the steps on how to buy NowRx stock if and when it becomes available:
- Create or login to your brokerage account (if you don’t have one, we recommend eToro )
- Search for NowRx
- Select how many shares you want to buy
- Place your order
- Monitor your trade
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
NowRx Stock Price Chart
There’s no NowRx stock price chart because this company doesn’t offer shares on the public market.
While you could guess how NowRx stock would perform by looking at rival pharmaceutical companies, there’s no way to know NowRx’s price action.
For those interested in broad exposure to the healthcare industry, consider browsing the current “Best Healthcare Stocks” on WallStreetZen’s screener.
FAQs:
How to buy NowRx stock?
Retail investors can't buy NowRx stock unless the company decides to list IPO shares.
How much is NowRx stock?
There's no NowRx price chart because this company isn't publicly traded.
What is NowRx stock symbol?
You won't find a NowRx stock symbol on the stock market because this company is in the private sector.
Who owns NowRx stock?
Co-founders Cary Breese and Sumeet Sheokand likely hold a majority stake in NowRx stock, but the details of this company's financials are private.
Where to Invest $1,000 Right Now?
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