Proof of Usefulness Report

Medly Pharmacy

Analysis completed on 1/6/2026

+2
Proof of Usefulness Score
You're In Business

Critical Red Flags: Medly Pharmacy filed for Chapter 11 bankruptcy in Dec 2022 and sold assets to Walgreens in Feb 2023. Founders were charged by the SEC for a $170M fraud scheme involving fake prescriptions to inflate revenue. The submission contains wildly inaccurate claims ('most people have used my product', 'everyone') and ignores the company's collapse. The project is effectively defunct and fraudulent.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+0
Audience Reach Impact+0
Technical Innovation+1
Evidence Of Traction+0
Market Timing Relevance+1
Functional Completeness+0
Subtotal+2
Usefulness Multiplierx0.82
Final Score+2

Project Details

Project URL
medlypharmacy.com
Description
Medly is a prescription medication delivery start-up headquartered in Brooklyn, NY. \n\nOur goal is to make the pharmacy experience as easy and as friendly as possible. We have been in the pharmacy business for many generations, and Medly is our step into the future. \n\nOur app and our technology make the prescription delivery process as easy as a tap of a button. Join us if you’re passionate about technology, love helping people, and are driving to improve the world around you.
Audience Reach
everyone
Target Users
everyone
Technologies
Healthcare Tech
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline