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It is estimated that 20% of paper-based prescription orders go unfilled by the patient, partly due to the hassle of dropping off a paper prescription and waiting for it to be filled. By elimination or reducing this waiting period, e-prescribing may help reduce the number of unfilled prescriptions and hence, increasing medication adherence.
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Chewy was founded with the name "Mr. Chewy" in June 2011 by Ryan Cohen [3] and Michael Day. [4] In March 2012, the company estimated a total yearly revenue of $26 million, despite losing money in its first half year. [4] [5] By 2017, the company had revenue of approximately $2 billion and 51% of online pet food sales in the US.
Petco went public on the NASDAQ under the stock ticker PETC, in 1994. [20] The initial public offering provided capital for further expansion. [15] From 1990 through 1995, Petco opened between 20 and 50 stores yearly. [9] By 1995, Petco and PetSmart had established themselves as the largest pet food and supply chains in the United States. [21]
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