Giftify, Inc. Announces Smart Savings Solution for Popular GLP-1 Diabetes and Weight Loss Medications

Rhea-AI Summary

Giftify (NASDAQ:GIFT) announced that its subsidiary CardCash.com is offering smart saving solutions for expensive GLP-1 weight loss medications like Ozempic and Zepbound through discounted pharmacy gift cards from major retailers including CVS and Walgreens.

The initiative allows consumers to combine CardCash's discounted gift cards with manufacturer savings programs and prescription discount services like GoodRx and SingleCare. According to a Trustpilot reviewer, the program has helped achieve savings of approximately $30 per month on Ozempic purchases.

The company's strategy targets the growing market for GLP-1 medications while expanding Giftify's digital savings platforms into healthcare. The program aims to address healthcare affordability challenges by providing practical tools to reduce prescription costs through their established gift card marketplace.

Positive

• Expansion into high-growth healthcare market through GLP-1 medication savings program
• Creation of new revenue stream through pharmacy gift card sales
• Demonstrated consumer cost savings of $30/month through the program

Negative

• None.

Insights

Financial Market Analyst

This strategic initiative represents a clever pivot for Giftify, positioning CardCash.com to capture value from the booming GLP-1 medication market, which is projected to reach $100 billion globally by 2030. The average monthly cost for GLP-1 medications ranges from $900 to $1,300 without insurance, making even modest savings highly attractive to consumers.

The business model demonstrates three key competitive advantages:

• Leveraging existing gift card marketplace infrastructure, enabling immediate market entry with minimal additional operational costs
• Creating a recurring revenue opportunity, as GLP-1 medications require ongoing prescriptions, potentially increasing customer lifetime value and platform stickiness
• Offering stackable savings through gift card discounts combined with other cost-reduction programs, enhancing the value proposition

This expansion could significantly impact Giftify's financial performance through:

• Increased transaction volume and revenue from pharmacy gift card sales
• Higher customer acquisition in a growing market segment
• Potential for cross-selling other gift card products to new healthcare-focused customers

The strategy also positions Giftify at the intersection of two high-growth markets: digital payments and healthcare cost management. This could enhance the company's valuation metrics as it demonstrates the scalability and adaptability of its business model beyond traditional retail gift card exchanges.

CardCash.com to Offer Cost-Effective Solutions for High-Demand GLP-1 Medications as Prescription Drug Market Grows

SCHAUMBURG, IL, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Giftify, Inc. (NASDAQ:GIFT) (the "Company"), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and rewards industry, today announced that CardCash.com is offering consumers smart saving solutions for high-cost GLP-1 weight loss prescription medications like Ozempic (semaglutide) from Novo Nordisk and Zepbound (tirzepatide) from Eli Lilly.

CardCash.com, Giftify's secondary gift card exchange platform, provides consumers with an innovative approach to reduce rising out-of-pocket expenses for increasingly popular GLP-1 medications. The strategy leverages discounted pharmacy gift cards from major retailers including CVS and Walgreens.

This program aligns with current national efforts to address healthcare affordability challenges. By providing practical tools to reduce prescription costs, CardCash.com is contributing to the ongoing public dialogue around making essential medications more accessible for all Americans, particularly as policymakers continue to explore comprehensive solutions to rising healthcare expenses.

Consumer feedback validates the financial impact of this approach. “As one Trustpilot reviewer, Corey Polk, shared, ‘I had significant savings on my Walgreens cards. I used it to buy Ozempic, and now I save about $30 a month.’ This is exactly what we aim for at CardCash — helping consumers find financial relief where they need it most,” said Carol Rosenblum, Marketing Manager at CardCash.com.

The platform's strategy creates a multi-layered savings opportunity for medication purchasers. Users can combine CardCash's discounted gift cards with manufacturer savings programs and prescription discount services like GoodRx and SingleCare. Additional cost reductions can be achieved through price comparisons between major pharmacy retailers including CVS, Walgreens, and Walmart.

This healthcare cost reduction initiative addresses growing market demand for GLP-1 medications such as Ozempic, Mounjaro, and Wegovy. By providing access to discounted gift cards that can be applied toward pharmaceutical purchases, CardCash extends Giftify's value proposition into the healthcare sector.

"As prescription medication costs continue to rise, we're leveraging our established gift card marketplace to create meaningful savings opportunities in healthcare," said Ketan Thakker, CEO of Giftify, Inc. "This initiative aligns perfectly with our strategic focus on expanding our digital savings platforms into high-growth consumer markets. The increasing adoption of GLP-1 medications represents a significant opportunity to demonstrate the versatility and value of our business model."

About Giftify, Inc.
Giftify, Inc. is a pioneer in the incentive and rewards industry with a focus on retail, dining & entertainment experiences, as the owner and operator of leading digital platforms, CardCash.com and Restaurant.com. CardCash.com is a leading secondary gift card exchange platform, allowing consumers and retailers to realize value by buying and selling gift cards at various scales. Its Restaurant.com is the nation’s largest restaurant-focused digital deals brand. Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deals options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our gift cards and restaurant certificates allow customers to save at thousands of restaurants across the country with just a few clicks.

For more information, visit: www.giftifyinc.com and www.cardcash.com and https://www.restaurant.com.

Forward-Looking Statements
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Investors Contacts:
IR@giftifyinc.com

FAQ

How much can consumers save on Ozempic using Giftify's CardCash.com platform?

According to user testimonials, consumers can save approximately $30 per month on Ozempic purchases using CardCash.com's discounted pharmacy gift cards.

Which pharmacy retailers are included in GIFT's GLP-1 medication savings program?

The program includes major pharmacy retailers such as CVS, Walgreens, and Walmart through discounted gift cards available on CardCash.com.

What medications are covered under Giftify's new pharmacy savings initiative?

The program covers GLP-1 medications including Ozempic (semaglutide), Zepbound (tirzepatide), Mounjaro, and Wegovy.

How does GIFT's CardCash.com savings program work for GLP-1 medications?

The program allows users to combine discounted pharmacy gift cards with manufacturer savings programs and prescription discount services like GoodRx and SingleCare for maximum savings.