Reproductive medicine is growing in popularity in the United States, but the cost of producing and distributing the drugs is still prohibitive.
Now a medical marijuana production company is taking a different approach: selling the drugs directly to consumers.
The company, Recife, is a subsidiary of San Francisco-based Recife Inc. that has grown from an online marketplace in 2014 to a $10-million company with more than 500 employees in more than 50 countries.
The company has raised $100 million in a $500-million Series B round led by venture capital firm Greylock Partners.
It’s not unusual for an online startup to raise $1 million from investors to scale up quickly.
Recife is not on that list.
Its CEO, Paul O’Brien, was an early investor in a Facebook-owned startup called Mycelia that became the first publicly traded medical marijuana delivery company.
Recife also has some of the same business models as many of the other big companies in the industry, like Herbalife and Mylan.
In addition to selling medical marijuana, the company makes products that are used to treat people with cancer, AIDS and other diseases, among other ailments.
It’s a $25-per-gram, 100-gram bottle of Herbalix-like tablets for $30.
The cost of the pills ranges from $4.99 to $5.99 per dose.
Recise sells only to doctors.
But if you want a sample, Recive sells to people who want to try a medicine they already have and then charge $3.99.
That’s about a 50% discount on the cost, according to Recife CEO Paul O`Brien.
It also makes it easier to get people to order the pills at a lower price than if they buy the full bottles.
Recision sells the pills in bulk for $9.99 a bottle.
That compares favorably to other online drug companies that charge a $20-per in-store price.
Recidos’ price is $5 per pill.
Recief is an example of how online pharmacies are trying to break into the market.
The companies that operate online pharmacies, such as Pharmacy Benefit Corp., have a business model that includes a variety of products.
But there are some things they don’t do well: they charge for shipping, which can be prohibitive for patients and patients’ families, and they don, as of yet, sell their drugs to customers outside of their states.
Recief has a more straightforward business model.
It started by working with a pharmacy chain called the Blue Ridge Pharmacy in Alabama.
Blue Ridge, which operates in nine states, is among the country’s largest.
It provides a pharmacy benefit plan to about 200,000 people.
Recido’s primary goal is to offer its patients access to a variety, including a range of medications that have not yet been tested for safety.
Reciais chief marketing officer, Kevin Sisk, says his company is aiming to be a one-stop shop for patients seeking a wide variety of medications.
The Blue Ridge pharmacy, which has been in business for nearly a decade, has been a customer of Recife since it was founded in 2014.
The pharmacy chain has a strong reputation in Alabama, where it is based.
Recision is in an entirely different business model, but it has the same approach to selling drugs to its customers.
Sisk says the company doesn’t try to compete with Blue Ridge.
“We just offer them an easy, convenient way to get their medications,” he said.
“It’s more like a pharmacy than a drugstore.”
The Blue Ranch pharmacy has a pharmacy-like approach, too.
It does not offer its own drugstore.
Instead, it provides a prescription for the medications it sells.
The prescription is not a list of the medication’s active ingredients but a list, with the medication and dosage, of the drug’s manufacturer’s label.
Recidos pharmacies are located in more rural areas in Alabama than Blue Ridge’s pharmacies.
In some cases, the Blue Ranch chain is located on a farm where the medication is grown and processed by its employees.
Sink says it’s possible to get the drugs in stores where the Blue Crest chain is not, but he says it would be too costly for the company to do so.
Recio says it has also built partnerships with hospitals and doctors.
A new program called the Alabama Medical Marijuana Program (AMMP), which started last month, allows patients to buy a medicine at a pharmacy and then get it sent to a doctor’s office.
That allows patients with serious illnesses to have their prescriptions filled and their medicines dispensed without going to the doctor.
The program is intended to help reduce hospitalizations and prevent deaths among patients with chronic conditions like cancer, hepatitis and HIV.
It is currently in 11 states.
Recibies first test-marketed drug, a form of marijuana that has no active ingredients, was