54 Business View Magazine - October 2016
Pharmapacks
For all your daily needs
Co-founder Andrew Vagenas launched Pharmapacks
with his four best friends in 2010. At the time, he,
and one of his partners, owned a retail pharmacy in
New York City, and neither one knew anything about
e-commerce or the technology necessary to launch a
successful online business. But in just six years, their
company has become the biggest U.S. seller on Ama-
zon, shipping out 130,000 packages per week of home
medical products, health and beauty aids, household
and pet supplies, and more.
Last year, Business View Magazine spoke with Vage-
nas and heard how the company created its own pro-
prietary technology platform which included ways to
track customer shopping patterns, the company’s cat-
alogue of items, and product prices as they go up and
down, while concurrently adding different distributors
that it can price shop from. “All of that was built into
our software, and we used that and created algorithms
that can basically dictate sales for us as we plug-and-
play our entire catalogue into different marketplaces,”
he explained. In addition to Amazon and eBay, Phar-
