8VC also led Blink Health’s $75 million A Series last year and has been a strong supporter since its inception. Blink Health will use the capital to drive innovations that accelerate the company’s mission to make prescription drugs affordable and transparently priced for everyone in the U. Oh, S
“Blink Health has quickly emerged as the first company to be equipped to dismantle the opacity of the supply chain of prescription drugs Technology has brought transparency and lower prices to almost every other trade category, and it is high time that technology sheds light on the unfair market for prescription drugs,” said Joe Lonsdale, founder of 8VC. “At a time when 30 million Americans remain uninsured and 83% of American workers have an average health plan deductible of over $1,400, Blink Health is addressing the nation’s drug pricing epidemic through technology. “That’s right.
Blink Health Series B financing is on the verge of record growth since launch and accelerated recent demand Thousands of new users sign up every day on Blink Health’s free website and mobile app, and the company now has more than one million active monthly users at lower prices on the most widely prescribed generic prescriptions. More than 100,000 doctors across the country, or one in ten prescribers, have active patients using Blink Health to save on their prescription drugs. Blink Health has also announced a number of branded drug programs, including an insulin discount program with pharmaceutical giant Eli Lilly.
“As the nation rethinks healthcare coverage and as more consumers face rising out-of-pocket healthcare costs, Blink Health is becoming an indispensable tool for millions of Americans to access medicines they need at prices they can afford,” said Blink Health CEO and co-founder Geoffrey Chaiken.
“Three years ago, Blink Health began its mission to leverage technology to lower prescription drug prices for all,” said Blink Health COO and co-founder Matthew Chaiken, “This funding will fuel the company’s next leap towards achieving that goal. “That’s right.
About Health Blink
Founded in 2014, Blink Health is a technology platform that enables consumers to access the medicines they need at prices they can afford at more than 57,000 pharmacies across the country. Blink’s free mobile app and website allow users to purchase their medicines online and pick them up at their local retailer up to 90% off the average retail price. Blink Health groups patients together to leverage their purchasing power and secure significantly lower prices for the most prescribed drugs in America.
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