STOCK TITAN

GoodRx Holdings, Inc. - GDRX STOCK NEWS

Welcome to our dedicated page for GoodRx Holdings news (Ticker: GDRX), a resource for investors and traders seeking the latest updates and insights on GoodRx Holdings stock.

GoodRx Holdings, Inc. (Symbol: GDRX) is a leading consumer-focused digital healthcare platform committed to reducing the cost of healthcare in the United States. The company operates a price comparison platform that provides consumers with current, geographically relevant pricing for prescription medications. GoodRx gathers prices from multiple sources, offering powerful savings tips, valuable discounts, and negotiable price codes for prescriptions at virtually every pharmacy across the US.

GoodRx serves millions of Americans each month, including thousands of physicians who use the platform to help their patients. To date, the company has saved users over $3 billion on their prescription drug costs. Despite this success, GoodRx continues to work toward making prescriptions affordable for all Americans.

The company's core revenue stream comes from pharmacy benefit managers (PBMs), who manage formularies and prescription transactions. GoodRx also offers additional healthcare products and services such as pharma manufacturer solutions, subscription plans, and telehealth services. Their platform extends beyond individual consumers to include solutions for health plans, payors, and PBMs through an easy-to-use website and mobile app experience known as GoodRx for Benefits.

As GoodRx continues to innovate and expand its offerings, it remains dedicated to its mission of lowering healthcare costs and making essential medications accessible to everyone in the US. Stay updated with the latest news and developments from GoodRx to see how they are transforming the healthcare landscape.

Rhea-AI Summary

GoodRx (Nasdaq: GDRX) has appointed Simon Patterson to its Board of Directors. Patterson, who leads EMEA operations for Silver Lake, a technology investment firm, brings extensive experience in tech, strategy, and management. He has held board positions at companies like Dell Technologies and Skype. Patterson's expertise is expected to assist GoodRx in scaling its business and making prescription medications more affordable. He will also join the Board's Nominating and Corporate Governance Committee.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
management
-
Rhea-AI Summary

GoodRx (Nasdaq: GDRX) has been named to the 2024 TIME100 Most Influential Companies list for the second time. Recognized for its innovative strategies to reduce prescription medication costs, GoodRx has saved consumers around $15 billion in 2023 alone. The company's efforts include integrating savings with insurance benefits, partnering with pharmacies, and collaborating with pharmaceutical manufacturers. Since its founding in 2011, GoodRx has facilitated the purchase of 184 million prescriptions, potentially saving the healthcare system over $5 billion in preventable ER visits and hospitalizations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.71%
Tags
none
-
Rhea-AI Summary

GoodRx, a leader in prescription savings, has announced discounts of up to 43% on fertility treatments in 2023. Americans saved over $6 million using GoodRx for fertility medications. The initiative covers generic and brand-name medications used in IVF, helping to manage the high costs of fertility treatments, which can range from $15,000 to $30,000 per cycle. Highlights include significant savings on medications such as Fyremadel, Ganirelix, Leuprolide, Clomid, and Letrozole. GoodRx also offers a Fertility Hub for educational resources and additional savings. The discounts aim to alleviate financial burdens and assist families in their reproductive journeys.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
none
Rhea-AI Summary

GoodRx (Nasdaq: GDRX) has entered a new direct contracting agreement with The Kroger Co. to offer enhanced prescription savings at over 2,200 Kroger pharmacy locations nationwide.

Starting June 1, 2024, patients using a GoodRx coupon can expect almost 50% more savings on most generic medications.

This partnership aims to support Kroger's business objectives and improve patients' access to affordable prescriptions.

GoodRx will discuss this agreement during its Investor Day on May 15 at 9 a.m. ET.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.32%
Tags
none
-
Rhea-AI Summary

GoodRx Holdings, Inc. reported financial results for the first quarter of 2024. Revenue increased by 8% to $197.9 million, with a net loss of $1.0 million. Adjusted EBITDA was $62.8 million. The company focuses on capital allocation, share repurchases, and M&A. GoodRx anticipates revenue growth for the second quarter and full year 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.94%
Tags
-
Rhea-AI Summary
GoodRx Holdings, Inc. (Nasdaq: GDRX) announced the date for its 2024 Investor Day on May 15, 2024, in New York City. The event will feature presentations by the Interim CEO, CFO, and other leaders, discussing business drivers, growth strategy, and a Q&A session. A live webcast link will be available on the investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
Rhea-AI Summary
GoodRx Holdings, Inc. (Nasdaq: GDRX) announced the release of its first quarter 2024 financial results on May 9, 2024. The Company will hold a conference call and webcast to discuss the results and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
-
Rhea-AI Summary
GoodRx Holdings, Inc. announces board resignations with Interim CEO Scott Wagner extending commitment. Directors Stephen LeSieur and Adam Karol resign effective March 14 and March 22, 2024. Company expresses gratitude for their contributions and looks forward to continued growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.18%
Tags
none
-
Rhea-AI Summary
GoodRx Holdings, Inc. released its financial results for Q4 and full year 2023, showing revenue of $196.6 million in Q4 and $750.3 million for the year. The company reported a net loss of $25.9 million in Q4 and $8.9 million for the full year. Adjusted EBITDA was $57.3 million in Q4 and $217.4 million for the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.4%
Tags
Rhea-AI Summary
GoodRx Holdings, Inc. (GDRX) executives will participate in investor conferences in March 2024, providing a live webcast and archived recordings for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
conferences

FAQ

What is the current stock price of GoodRx Holdings (GDRX)?

The current stock price of GoodRx Holdings (GDRX) is $4.52 as of December 23, 2024.

What is the market cap of GoodRx Holdings (GDRX)?

The market cap of GoodRx Holdings (GDRX) is approximately 1.7B.

What does GoodRx Holdings, Inc. do?

GoodRx Holdings, Inc. is a digital healthcare platform that helps reduce the cost of prescriptions by offering price comparisons, discounts, and savings tips for medications across the US.

How does GoodRx save money on prescriptions?

GoodRx collects and compares current prescription prices from various sources, providing users with discounts and negotiable price codes that can be used at nearly every pharmacy in the US.

Who benefits from using GoodRx?

Millions of Americans, including those with insurance or Medicare, benefit from using GoodRx to find affordable prescription prices. Physicians also use GoodRx to help their patients save money.

How much has GoodRx saved Americans so far?

GoodRx has saved Americans over $3 billion on their prescription drug costs.

What additional services does GoodRx offer?

Besides price comparison and discounts, GoodRx offers pharma manufacturer solutions, subscription plans, telehealth services, and GoodRx for Benefits, which provides solutions for health plans, payors, and PBMs.

How does GoodRx generate revenue?

GoodRx generates revenue primarily from pharmacy benefit managers (PBMs) who manage formularies and prescription transactions. The company also earns from its additional healthcare products and services.

What is GoodRx for Benefits?

GoodRx for Benefits is a technology solution that provides health plans, payors, and PBMs with an easy-to-use website and mobile app experience to manage and reduce healthcare costs.

Is GoodRx available as a mobile app?

Yes, GoodRx offers a mobile app that allows users to compare prescription prices, find discounts, and access savings tips on the go.

Why should I use GoodRx if I already have insurance?

Even with insurance or Medicare, prescription costs can be high. GoodRx helps you find lower prices and better discounts, making medications more affordable.

Where can I learn more about GoodRx?

Visit www.goodrx.com to learn more about how GoodRx can help you save on prescriptions and explore their additional healthcare services.

GoodRx Holdings, Inc.

Nasdaq:GDRX

GDRX Rankings

GDRX Stock Data

1.70B
88.25M
11.9%
70.75%
1.96%
Health Information Services
Services-computer Processing & Data Preparation
Link
United States of America
SANTA MONICA