Amazon is acquiring PillPack, an online pharmacy licensed to sell prescription drugs in all USA states, excluding Hawaii.
TJ Parker, PillPack co-founder and Chief Executive Officer also issued a statement saying; "PillPack makes it simple for any customer to take the right medication at the right time, and feel healthier". It's not clear yet what Amazon plans to do with the new business, including whether it will allow the firm to remain independent (as with shoe retailer Zappos) or turn it into the foundation of a bigger health-care push, reportsCNNMoney. Stefano Pessina, the boss of Walgreens Boots Alliance, admitted: 'Yes, it is a declaration of intent from Amazon'. McKesson, Cardinal Health and AmerisourceBergen shares were all down after the news.
PillPack, meanwhile, is already licensed to deliver medications to all 50 USA states, helping Amazon clear the regulatory hurdles that might have complicated its foray into the prescription drug industry.
Subject to the usual regulatory approvals and closing conditions, Amazon and Pillpack have said that they expect the deal to close during the second half of this year. "We're excited to see what we can do together on behalf of customers over time", said Wilke. After Amazon's acquisition, Walmart lost 1 percent of its value. PillPack is licensed to ship prescriptions in all 50 states and uses a homegrown system called PharmacyOS to manage the logistics.
Now, in an acquisition that could upend the pharmacy market, the retail giant has made its move.
Walgreens bought some of Rite Aid Corp's USA stores a year ago after scrapping its deal to buy the smaller rival outright. Even if PillPack is a network provider today, it does not mean it will be a network provider in the future, especially if Amazon has designs of significantly ramping its prescription volume'.
Here's the OnePlus 6 in handsome new Red Color
The new phone has an additional "evaporated layer of brightening film" to bring out that bright (but not too bright) red luster. We worked to avoid an overly bright red color while still capturing a sense of self-confidence and positivity.
Michael Cohen: Family Has 'First Loyalty'
Questions have abounded over whether or not Mr Cohen - who denies any wrongdoing - would co-operate with prosecutors. Putin is unsustainable ". "I am not a villain in any story and won't allow others to try and depict me in that way".
Trump falls for prank call aboard Air Force One
This one informs him, yet again, that Trump's busy so they offer to call Melendez back when the President's free. And I think we can do a real immigration bill. "I mean, we did this as a goof; I'm a comedian ", Melendez said .