South Dakota pharmacists launch member marketplace with InStockRx

The South Dakota Pharmacists Association has partnered with InStockRx to give member pharmacies a marketplace for buying and selling excess inventory, starting with onboarding at the association’s annual convention in Brookings. The platform is designed to reduce waste, recover value from unused stock and help keep medications moving to pharmacies and patients across the state.

Why it matters: - South Dakota pharmacies often serve as key access points for care, especially outside major population centers. - The new marketplace gives member pharmacies a faster way to find needed medications and move excess inventory to other verified pharmacies. - The partnership could reduce waste, support better inventory use and create non-dues revenue for the association.

What happened: - InStockRx announced a partnership with the South Dakota Pharmacists Association, which has represented the pharmacy profession in South Dakota since 1886. - The partnership gives SDPhA members access to the SDPhA Marketplace, powered by InStockRx. - InStockRx introduced the marketplace to members during SDPhA’s 140th Annual Convention in Brookings, held Sept. 10-12. - SDPhA and InStockRx have already started onboarding several member pharmacies.

The details: - Member pharmacies can list excess inventory, search for medications they need and complete transactions directly with other verified pharmacies. - Access to the marketplace is included in annual SDPhA membership. - There is no separate monthly platform fee to join or use the service. - Pharmacies pay for the medications they buy through the marketplace. - Selling pharmacies can recover value from inventory that might otherwise sit unused. - SDPhA will receive a percentage of completed transactions. - SDPhA says that revenue can be reinvested in association programs, advocacy, education and member services. - Each transaction on InStockRx includes T3 information: Transaction Information, Transaction History and Transaction Statement. - That documentation supports DSCSA recordkeeping for member pharmacies. - InStockRx says the platform also lets pharmacies search by NDC or drug name, make and receive offers, track orders and documentation, and trade through private Trading Partner Groups. - InStockRx says the marketplace is free to join and has no monthly fees. - More information is available at instockrx.com and sdpha.org.

Between the lines: - The deal adds a local procurement channel for pharmacies that may struggle with medication availability or slow-moving stock. - It also gives SDPhA a recurring revenue stream tied to member usage rather than dues. - The structure suggests the association is trying to pair operational help for pharmacies with a financial model that supports its broader mission.

What's next: - SDPhA and InStockRx are continuing to onboard member pharmacies ahead of a broader rollout. - Early users will help inform how the platform expands across the state. - If adoption grows, the marketplace could become a more routine tool for inventory management among South Dakota pharmacies.