MEDS Stock Price: Over 49% Increase Pre-Market Explanation

By Amit Chowdhry ● June 10, 2021
  • The stock price of Trxade Health Inc (NASDAQ: MEDS) increased by over 49% pre-market. This is why it happened.

The stock price of Trxade Health Inc (NASDAQ: MEDS) – a health services IT company focused on digitizing the retail pharmacy experience by optimizing drug procurement, the prescription journey, and patient engagement in the U.S. – increased by over 49% pre-market. Investors appear to be responding positively to the company announcing that the company’s MedCheks subsidiary has launched its Health Passport app, which is currently available for download on the iOS App Store.

After installed on an iOS device, the MedCheks app provides a QR code to securely show proof of a health record (example: vaccination or test results to gain entry to a country, establishment, event, or mode of transportation where verification protocols are required). The app is a strategic addition to the TRxADE HEALTH next-gen technology portfolio, which meets the demand for advanced cost-effective digital healthcare applications to accelerate the reopening of the economy as COVID-19 subsides in certain markets.

MedCheks’ app is designed to provide peace of mind to business owners and governments, thus transforming the verification process from a labor-intensive process bottleneck into a seamless credible transaction between business and end-user. And MedCheks intuitive features include health records like proof of vaccination and testing tracking as well as compatibility with no-touch, customizable verification kiosks.

KEY QUOTE:

“The Medcheks app maintains a safe and secure digital health record that can be used in real-time for entry to any location as long as the end-user is a partner in our network or is looking for proof of health Record i.e vaccination or a negative COVID test. We are working to rapidly build our future partner network of countries, and companies across all verticals, who value the security, ease and cost-effective measures afforded by a trusted app designed to securely reestablish day-to-day operations. We look forward to driving a successful launch with our initial partners in the months to come.”

— James Ram, President of MedCheks, a TRxADE HEALTH company

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.