Jun 28, 2018

Amazon to buy online pharmacy PillPack

Amazon has said it is buying online pharmacy PillPack, sending shares in rival healthcare firms tumbling over fears of competition from the online retail giant. Amazon did not say how much it was paying for PillPack. TJ Parker, PillPack's co-founder and chief executive, said: "Together with Amazon, we are eager to continue working with partners across the healthcare industry to help people throughout the US who can benefit from a better pharmacy experience." Amazon declined to answer questions about how PillPack would be incorporated into its business and whether there are plans for international expansion. "In our view, this is only the first play in what will be an increasingly aggressive strategy by Amazon to develop a much more significant presence in the pharmacy market," he said.

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