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As online pharmacy space heats up, Toronto startup launches “Shopify for pharma” platform

Toronto-based healthtech startup Locke Bio has emerged from stealth mode as it looks to become the “Shopify for pharma” with a platform that allows North American companies to launch direct-to-consumer (DTC) digital health and pharmaceutical brands.

Led by Cathy Tie, Locke Bio describes its focus as “healthcare meets e-commerce.” To date, the startup has secured funding from investors including Origins Pharmacy, Metro Drugs, Mapleview Medical Pharmacy, 10xCapital, IKJ Capital, and Empros Capital. Tie told BetaKit Locke Bio raised money in 2019 and 2020, but declined to disclose the amounts.

“We think that now is the right time to democratize these tools for the healthcare industry.”
– Cathy Tie, Locke Bio

To read the full article, head to https://betakit.com/as-online-pharmacy-space-heats-up-toronto-startup-launches-shopify-for-pharma-platform/

Written by Josh Scott on March 8, 2021

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