PBMs

3 statements across 3 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Sep 17, 2018 by David Frankel · across every show →

Everything said about PBMs, oldest first

Sep 17, 2018 negative
Insight
Frankel: Pharmacy e-commerce is a binary 'scale or die' business model
“The distributors, the drug distributors who control a lot of the markets don't take you that seriously. You don't get the financial breaks that much, much larger customers get unless you're reaching a certain scale. The PBMs certainly don't take you very serio…”
David Frankel Sep 17, 2018 ▶ 18:25 20VC: Lessons Learned Scaling PillPack from Seed to Amazon Acquisition, Why Investors Should Spend More Time Assessing Human Capital Risk Taken by Founders & The Right Way To Think About Capital Efficiency in Scaling with David Frankel, Managing Partner @
Jun 5, 2023
Disclosure
TJ Parker: PillPack received termination notices from all major PBMs in 2015
“And through 2015 we got termination notices from all of the major PBMs, right, very obviously.”
TJ Parker Jun 5, 2023 ▶ 50:41 TJ Parker: Building PillPack, The First E-Commerce Pharmacy, to Amazon's $1B Acquisition | E1022 · 20VC with Harry Stebbings
Oct 14, 2024 negative
Opinion
Frankel: Pharmacy benefit managers hold huge market caps while adding no value
“And these are these legacy companies, a great example of them is the PBMs, the Pharmacy Benefit Managers. Companies that were very innovative 40 years ago, So a PBM connects the pharmacy to the insurer. You know, 40 years ago or 30 years ago, they were great c…”
David Frankel Oct 14, 2024 ▶ 40:45 David Frankel, MP @Founder Collective: Investing Lessons from Seeding Coupang, Pillpack & Suno|E1214 · 20VC with Harry Stebbings
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