Thursday

Amazon And PillPack Make Some Waves

Online retail giant Amazon has set it's sights upon the pharmacy business, and other retail pharmacies are quaking in their boots. 

Amazon recently announced a deal thought to be around $1 billion to purchase online pharmacy PillPack and with Amazon's clout, there may be some disruption forthcoming.

PillPack provides packaged medications (something that might be a boon for older patients, who may have to remember to take multiple meds), and is licensed to ship prescriptions to 49 states.
Amazon could also negotiate directly with pharmaceutical companies, giving them the ability to offer cheap generic drugs even to customers without health insurance, according to industry experts.
Reuters


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