Raashid Naik

Raashid Naik Email and Phone Number

Senior Director, Cannabis Strategy @ Shoppers Drug Mart
Cambridge, MA, US
Raashid Naik's Location
Cambridge, Massachusetts, United States, United States
Raashid Naik's Contact Details
About Raashid Naik

I am a pharmacist with experience in the pharmaceutical industry and retail pharmacy. I led the medical cannabis group at Shoppers Drug Mart. My expertise is in medical cannabis, pharmacy operations, and business development. I have developed a variety of business cases throughout my career and have had the opportunity to execute on them. My career goals focus on innovation, strategy and execution for any exciting business venture in healthcare.

Raashid Naik's Current Company Details
Shoppers Drug Mart

Shoppers Drug Mart

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Senior Director, Cannabis Strategy
Cambridge, MA, US
Employees:
31511
Raashid Naik Work Experience Details
  • Shoppers Drug Mart
    Senior Director, Cannabis Strategy
    Shoppers Drug Mart
    Cambridge, Ma, Us
  • Mit Sloan School Of Management
    Mit Sloan Fellow Mba
    Mit Sloan School Of Management May 2024 - Present
    Cambridge, Ma, Us
  • Shoppers Drug Mart
    Senior Director, Cannabis Strategy
    Shoppers Drug Mart Feb 2019 - Dec 2023
    Toronto, Ontario, Ca
    -Led and managed 50 + employees, overseeing all aspects of the medical cannabis business, including operations, call center, eCommerce, regulatory, marketing, procurement, and business development. -Delivered medical cannabis products and services to homes, clinics, and hospitals across Canada (10 provinces and 3 territories).-Led the Health Canada licensing process for medical cannabis and received the first medical distribution license on December 18, 2018, after the Cannabis Act was enacted on October 17, 2018.-Negotiated with 27 cannabis producers to create a multi-brand store with over 300 cannabis products and accessories under one eCommerce platform. -Established a bilingual call center staffed with highly trained pharmacists and nurses to support patients, prescribers, and insurers. -Launched a 2,000-patient research study on cannabis with the University Health Network, Canada’s leading research and teaching hospital network.
  • Shoppers Drug Mart
    Director, Healthcare Business Development
    Shoppers Drug Mart Jan 2016 - Jan 2019
    Toronto, Ontario, Ca
    -Managed a team of 3 and developed 6 new healthcare business cases and presented them to executive leadership and the board of directors.-Created an in-store and digital prescription refill strategy, which increased revenues during its first year of implementation. -Developed the company's initial telemedicine strategy that led to a seed investment in other virtual platforms (Medeo, Maple)-Provided a go-to market strategy for the adult-use cannabis stores at Shoppers Drug Mart’s parent company Loblaw. -Created the initial strategy for health and wellness service offering, which eventually led to the PC Health application.
  • Shoppers Drug Mart
    Manager Of Ehealth Workflow Integration
    Shoppers Drug Mart Jan 2014 - Jan 2016
    Toronto, Ontario, Ca
    -Managed a team of 5, including business analysts, IT developers, project managers and industrial engineers.-Launched a new pharmacy software project, which reduced labor requirements. -Released 13 software updates to the pharmacy dispensing system that integrated eHealth messages, which communicates prescription and dispensing information to a central database that all pharmacies, clinics, and hospitals can access.-Streamlined eHealth messages into the pharmacy dispensing system, resulting in reduced workload for the stores and $300K in annual labor savings. -Initiated and led an advocacy effort to standardize eHealth requirements across all provinces and territories, saving $4.2M in IT development costs for the company.
  • Shoppers Drug Mart
    Continuous Improvement Lead, Pharmacy Operations
    Shoppers Drug Mart Jan 2012 - Jan 2014
    Toronto, Ontario, Ca
    -Implemented new pharmacy dispensing operational guidelines to all 1,300 Shoppers Drug Mart stores, resulting in a 14% reduction in labor across the network.-Integrated pharmacy dispensing robots into 58 high prescription volume stores, resulting in labor savings of $105K annually per store. -Developed strategic partnerships with U.S. pharmacy executives at Walgreens, CVS, Navarro, Publix, and H-E-B, that led to the creation of a new $110M pharmacy software project, which was approved by executive leadership.-Resolved a pharmacy system processing issue at Shoppers Drug Mart’s main nursing home facility, Medisystem, reducing labor costs by $1.3M annually
  • Shoppers Drug Mart
    Coordinator, Pharmacy Business Systems
    Shoppers Drug Mart Apr 2008 - Jan 2012
    Toronto, Ontario, Ca
    -Released 40+ pharmacy software updates for all 1,300 stores with a team of software developers and project managers. -Designed and implemented an interface between the pharmacy software and a compliance packaging robot, resulting in 4 stores winning a $1.4M annual nursing home contract. -Integrated a new pharmacy software solution into a province to ensure regulatory compliance and avoid $50K/day in regulatory fines.
  • The Janssen Pharmaceutical Companies Of Johnson & Johnson
    Sales Analytics Associate, Marketing And Sales
    The Janssen Pharmaceutical Companies Of Johnson & Johnson Oct 2007 - Apr 2008
    Raritan, New Jersey, Us
    -Analyzed market data and identified key territories and prescribers for the sales force to target, resulting in a 3% increase in market share for an anti-psychotic drug that earned $35M annually. -Managed $2.5M in bonus compensation to the mental health sales force to ensure sales representative performance matched compensation.-Negotiated over $1.6M in contracts with reproductive health clinics to provide low-cost contraceptives and increase market size
  • Eli Lilly
    Industrial Pharmacy Resident
    Eli Lilly Sep 2006 - Sep 2007
    Indianapolis, Indiana, Us
    Worked in Government Affairs dealing with:-Submissions to government and private insurers for coverage of Lilly's drugs-Preparing Business Impact Analyses for different business cases-Forecasting effects of provincial coverage on sales-Provided overview of Chemotherapeutic agents to Medical Information team-Evaluated new drug submissions and special drug claims at private insurer ClaimSecure

Raashid Naik Skills

Pharmacy Pharmacists Pharmacy Automation Healthcare Pharmaceutical Industry Pharmacy Benefit Management Diabetes Medication Therapy Management Pharmacology Clinical Research Prescription Pharmacueticals Pharmacoeconomics Medical Writing Oncology Compounding Forecasting Ehealth Medical Cannabis Cannabis Marijuana Medical Marijuana

Raashid Naik Education Details

  • Mit Sloan School Of Management
    Mit Sloan School Of Management
    Mit Sloan Fellows Mba Program
  • University Of Toronto
    University Of Toronto
    Pharmacy
  • High School
    High School

Frequently Asked Questions about Raashid Naik

What company does Raashid Naik work for?

Raashid Naik works for Shoppers Drug Mart

What is Raashid Naik's role at the current company?

Raashid Naik's current role is Senior Director, Cannabis Strategy.

What is Raashid Naik's email address?

Raashid Naik's email address is rx****@****ail.com

What is Raashid Naik's direct phone number?

Raashid Naik's direct phone number is +141649*****

What schools did Raashid Naik attend?

Raashid Naik attended Mit Sloan School Of Management, University Of Toronto, High School.

What skills is Raashid Naik known for?

Raashid Naik has skills like Pharmacy, Pharmacists, Pharmacy Automation, Healthcare, Pharmaceutical Industry, Pharmacy Benefit Management, Diabetes, Medication Therapy Management, Pharmacology, Clinical Research, Prescription, Pharmacueticals.

Who are Raashid Naik's colleagues?

Raashid Naik's colleagues are Jasneet Singh, Subhash Chandra, Empress Doyle-Marshall, Isha T., Gilles-Simon Tremblay, Diane Deschamps, Maryam Younas.

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