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Categories
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Healthcare & Medical
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Min Investment
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$500
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Offering Date
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September 26, 2022
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Expected Close Date
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December 22, 2022
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Target Raise
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$10.00K-$1.24M
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No. Investors
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20
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Security Price
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$1
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Valuation
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$25,000,000
- Number of Employees
- 4
- Cash
- $506,175
- Revenue
- $518,090
- Short Term Debt
- $35,675
- Cost of Goods
- $471,419
- Long Term Debt
- $0
- Net Income
- $-530,361
Company Description
We believe our healthcare and pharmacy model is broken. Join in our mission to make healthcare and pharmacy affordable and convenient. At LitonRx, we believe in solving this by focusing on the 3 C's of Care, Convenience and Cost through digital enablement. LitonRx offers an affordable digital pharmacy and subscription based concierge virtual care services. Our product, LitonMD, is currently in development and will be coming soon to the market.
Perks
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$500+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Friends and Family Early Birds
Invest $500 within the first 72 hours and receive 15% bonus shares.
2
days
10
hours
22
mins
24
secs
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$5,000+ Investment
Tier 1
Invest $5,000+ and receive access to a private Facebook Group + 1% Bonus Shares.
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$10,000+ Investment
Tier 2
Invest $10,000+ and receive access to a private Facebook Group + 2% Bonus Shares.
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$25,000+ Investment
Tier 3
Invest $25,000+ and receive access to a private Facebook Group + 5% Bonus Shares.
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$50,000+ Investment
Tier 4
Invest $50,000+ and receive access to a private Facebook Group + 10% Bonus Shares.
Key Deal Facts
In our view, the current delivery and pharmacy model is broken, and we believe that healthcare needs to be affordable and convenient.
We’ve designed contemporary digital health and prescription services that address key issues including price transparency, convenience and affordability. We provide concierge Physician and Medications on a low monthly subscription model.
Healthcare is approximately 20% of US GDP (source). The pharmaceuticals market is estimated to grow from $336 Billion to potentially $505 Billion by 2023 across developed markets (source). We see this as a hot space and consumers are adopting digital health services much faster post COVID.
Management Team / Advisory Board Bios
Ravi Juvvala
Chief Technology Officer (Part-Time)
Ravi is a technology architect who builds and manages enterprise solutions. He is a business-focused technology leader with a successful history of leveraging technology to drive innovation and growth. From startups to the most established global companies, he is experienced at driving and managing change while generating improvements in top line revenue, operational efficiencies and competitive advantage. Ravi brings 20+ years of expertise leading and architecting cloud solutions, AI, data analytics, and machine learning for various Fortune 500 clients.
Tim Whalen
Director of Pharmacy Operations
Tim has over 25 years of experience in pharmacy management. He started his pharmacy career with Walgreens in 1997 with their management program while on break from his pharmacy studies at Broward College and Nova Southeastern University. He began his pharmacy management career in South Florida. Tim has also worked as a Regional Manager where he was responsible for multiple pharmacies across several states before joining LitonRx in October of 2020.Â
Robin Hohenstern
Pharmacist in Charge
Robin graduated from North Dakota State University and has over 30 years experience as a pharmacist. She has worked in many different practice settings, but community pharmacy is her passion.