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TRxADE HEALTH (MEDS) Stock Surges On Telemedicine Service Distribution Deal

Sam Boughedda
Sam Boughedda trader
Updated 1 Jul 2021

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MEDS

TRxADE HEALTH’s (NASDAQ: MEDS) share price has surged Thursday on news that its subsidiary Bonum Health, a Digital Healthcare business, has signed a Telemedicine Service Distribution Deal with Big Y Pharmacy and Wellness Centers within their supermarkets in Massachusetts and Connecticut.

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Bonum Health will provide telemedicine services to the patients of all Big Y pharmacies by offering its Mobile Health Services and prescriber program.

The partnership will also provide Big Y patients access to prescription discount savings through Bonum Health.

Ashton Maaraba, President of Bonum Health, said: “We are thrilled and fortunate to team up with Big Y and their outstanding Health & Wellness leadership and in-store staff.

“Big Y pharmacy leadership recognized an opportunity to provide greater access to deeply discounted low-cost care to their patients, in combination with furthering their prescription discounts, under our unique digital platform, and Big Y chose Bonum Health.”

TRxADE HEALTH’s share price has rocketed following the news and is currently up 81.67% at $8.03, putting it in the green for 2021.

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Sam Boughedda
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.