Not to be confused with RXBAR... This one won't get stuck in your teeth. GoodRx is a price comparison app for prescription drugs at local pharmacies. It offers free lists of discounts/coupons to cut prescription med costs. Like the Expedia of pills, GoodRx uses 150B pricing data points to show you the best deals for that blood pressure issue.
This IPO jump actually makes sense... Nikola's stock doubled after its IPO and it hit a $19B market value without ever having sold a product. GoodRx is also now worth $19B — but it's the rare tech IPO whose business is actually profitable.
Healthcare is the last frontier of consumer tech disruption... GoodRX is the #1 most downloaded medical app with ~5M users because it fills two major gaps in healthcare: lack of affordability and lack of simplicity. Pharmaceuticals in America are so overpriced that there's plenty of room to undercut prices and still profit. GoodRx makes meds accessible with its app and presents us with actual options so we can comparison shop.