Rx-info - 27 October 2016
A pharmaceutical software provider for the NHS has relocated to the Exeter Science Park Centre following considerable business growth.
Innovative software provider Rx-info has moved its specialist team of IT developers and pharmacists into new headquarters at the Science Park, allowing room for continued growth and to take advantage of collaboration opportunities.
Founded in 2003 by pharmacist Colin Richman, Rx-info specialises in developing pharmaceutical software which is now used in more than 90% of NHS Hospital Trusts across the UK.
The software enables hospital pharmacies and NHS finance departments to instantly access detailed pharmaceutical data to analyse medicine usage and prescriptions, track budgets and flag unexpected trends.
Company Director Colin Richman said:
“Rx-info started out in an office that suited our small team, but over the past months we have outgrown the space after taking on several new team members. At the Science Park, we have a bright and spacious room and the opportunity to take on more space as we need it. As an established and respected firm working closely with the NHS and other health organisations, it was essential that we moved somewhere that would fulfil our space requirements and reflect what we do.
“The Exeter Science Park Centre has a vibrant community and offers plenty of opportunities to collaborate with a range of creative and innovative businesses. We already had a strong working relationship with Concept First, an existing tenant at the Science Park, so it’s great to be able to work in close proximity to them. As the Science Park community continues to grow, these opportunities to collaborate will increase. We are continually conducting research and development and are excited to see how new relationships may evolve as we look to work on new projects.”
Rx-info provide six pieces of software that support hospital pharmacies to be more cost-effective, reduce the amount of wastage, track the locations and movements of emergency drugs, monitor and benchmark medicines usage and identify and investigate stolen or diverted drugs.
Using their cutting-edge software, Rx-info recently revealed that at least £12.4 million worth of drugs are disposed of last year.
It was because of this revelation that the team developed ‘VEND’, their latest piece of software that allows Trusts to achieve Value from Expiring NHS Drugs. VEND is an easy to use web-based marketplace that allows hospital pharmacies to buy or sell drugs nearing their expiry dates, thus reducing the amount of wastage.
Joe Pearce, Business Support Manager of the Exeter Science Park Centre said:
“We have known the team at Rx-info for some time as they have good connections with other tenants. We were really pleased when they decided to move to the Science Park Centre as their business and ethos fits perfectly with our values. The software is integral to the smooth running of NHS pharmacy departments and is already being used in the majority of hospitals across the UK. It’s very exciting for us to see where Rx-info go next, and how their relationship with other tenants will continue to develop.”
The building of the Science Park Centre has been made possible with shareholder equity from Devon County Council, East Devon District Council, Exeter City Council, the University of Exeter; the Heart of the South West LEP which committed £4.5m loan from the Growing Places Fund; and a £1 million grant from the Regional Growth Fund.
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