Magazine article Global Finance

Amazon's Reach Now Extends to Pharmacies

Magazine article Global Finance

Amazon's Reach Now Extends to Pharmacies

Article excerpt

Online marketplace Amazon disrupted the entire pharmacy industry-for a day at least-with its $1 billion purchase of PillPack, an online pharmacy that uses robots to sort and package pills in daily doses for home delivery. The news saw the shares of CVS Health, Walgreens Boots Alliance and Rite Aid lose a combined $12 billion in market value.

PillPack holds pharmacy licenses in every state except Hawaii, enabling Amazon to ship medications nationwide for next-day delivery, and same-day in some cities. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.