Medly Health, parent company of a New York City-based digital pharmacy startup that took off during the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection Friday. Founded in 2017, Medly touted itself as a full-service pharmacy that provides on-demand, same-day prescription delivery and also validates and files insurance claims and worked directly with patients to manage adherence to medication and refills. The company raised $100 million backed by investors Volition Capital and venture capital firm Greycroft, Horsley Bridge and Lerer Hippeau.
Read the full article: Medly Health, Owner of Pharmacy Startup, Has Filed for Bankruptcy with Plans to Sell 22 Stores //
Source: https://www.fiercehealthcare.com/digital-health/startup-pharmacy-medly-has-filed-bankruptcy-plans-sell-22-stores