System and method for pharmaceutical transactions

An information technology system for facilitating a resale of a plurality of available pharmaceutical products among a plurality of pharmacies, comprising:

• (a) a server comprising a computer processor;
• (b) a computer program residing on the server, wherein the computer program provides for the resale of a pharmaceutical product from a first pharmacy account of a first pharmacy to a second pharmacy account of a second pharmacy;
• (c) a database hosted by the server and accessible by the computer program via the server, wherein the database stores:
• (i) an account subsystem, wherein the account subsystem provides for a plurality of pharmacy accounts associated with the plurality of pharmacies, wherein the plurality of pharmacy accounts includes the first pharmacy account and the second pharmacy account, the plurality of pharmacies includes the first pharmacy and the second pharmacy, and the first pharmacy account is associated with the first pharmacy and the second pharmacy account is associated with the second pharmacy;
• (ii) an inventory subsystem, wherein the inventory subsystem provides for identifying a plurality of pharmaceutical products as the plurality of available pharmaceutical products, wherein the plurality of available pharmaceutical products include a plurality of product attributes, and wherein the plurality of product attributes include an expiration date, a refrigeration requirement, a national drug code (NDC), a price, a price type, a package size, a discount percentage, and an owner;
• (iii) a seller subsystem, wherein the seller subsystem provides for adding, updating, and removing the plurality of available pharmaceutical products from the inventory subsystem by a seller at the first pharmacy, wherein the seller is the owner;
• (iv) a buyer subsystem, wherein the buyer subsystem provides for searching the inventory subsystem using a plurality of search attributes and initiating a transaction for a purchase of one or more the plurality of available pharmaceutical products by a buyer at the second pharmacy;
• and
• (v) a fulfillment subsystem, wherein the fulfillment subsystem provides for automatically identifying a shipping method and generating a shipment tracking number and a shipping label without any human intervention, printing the shipping label at the first pharmacy associated with the seller and first pharmacy account, automatically printing a packing checklist at the first pharmacy associated with the seller and without any human intervention,, wherein the fulfillment subsystem provides for automatically processing a payment to the seller without any human intervention, and wherein the fulfillment subsystem provides for automatically transmitting a portion of the payment to an operator of the system without any human intervention.

A method for selling a pharmaceutical product from a first pharmacy to a second pharmacy, wherein the method comprises:

• a) logging into a system by a user of the second pharmacy, the system having:
• (i) a server comprising a computer processor;
• (ii) a computer program residing on the server and having a plurality of user interfaces, including a first user interface associated with a first pharmacy account at a fist pharmacy and a second user interface associated with a second pharmacy account at a second pharmacy;
• and
• (iii) a database hosted by the server and accessible by the computer program via the server, the database storing:
• a plurality of jurisdiction-based requirements pertaining to a sale and resale of a plurality of pharmaceutical products to and from a plurality of pharmacies in a plurality of jurisdictions, and wherein the plurality of jurisdictions includes a plurality of states, a first jurisdiction associated with the first pharmacy account and the first pharmacy, and a second jurisdiction associated with the second pharmacy account and the second pharmacy,
• available inventory which includes the pharmaceutical product;
• a validation heuristic,
• a plurality of configurable rules;
• a plurality of pharmacy accounts which include the first pharmacy account and the second pharmacy account, and
• a fulfillment heuristic;
• b) submitting search criteria for the pharmaceutical product in a search tool by the user via a second user interface;
• c) automatically searching the available inventory stored in the database for the search criteria using the computer processor;
• d) automatically notifying the user of availability of the pharmaceutical product via the second interface;
• e) automatically notifying the first pharmacy via the first interface of an offer from the second pharmacy to purchase the pharmaceutical product;
• f) automatically confirming compliance of one or more of the plurality of jurisdiction-based requirements by the first pharmacy and the second pharmacy prior to the sale of the pharmaceutical product from the first pharmacy to the second pharmacy through the validation heuristic;
• g) automatically identifying a shipping method, generating a printed packaging checklist at the first pharmacy, generating a shipment tracking number, and generating a shipping label without any human intervention through the fulfillment heuristic;
• wherein the first user interface provides for printing the shipping label at the first pharmacy associated with the first pharmacy account;
• h) automatically adding a cost of shipping to a price of the pharmaceutical product before the sale is consummated;
• and
• i) automatically paying the first pharmacy account with a payment mechanism associated with a second pharmacy account through the fulfillment heuristic and without any human intervention.