ABOOZAR MEHRMANESH

Entrepreneur and Business Developer

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Expentory comes to help the pharmaceutical industry

Expentory is an intelligent trading platform for pharmacies around the globe to sell and buy medicines, in particular those which are close to expiry dates.

Expentory is being established foremost to preserve the environment. Chemicals, plastics and other materials that are created as a result of decomposition of expired medicines are released into the oceans or dumped into the ground. Moreover, preventing decomposition costs will directly affect the economy of pharmaceuticals. For patients this means lowering costs. For pharmacies means more profits and for manufacturers means reduced costs.

By using Expentory pharmacies can manage and track which medicine is expiring and either manually or automatically trade it with another pharmacy which is in low supply of that particular medicine. The whole process is automated and managed by the artificial intelligence behind Expentory which tracks inventory of pharmacies that are using it.

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