Amazon buying online pharmacy with nationwide reach; drug store stocks dive
29 Junio, 2018, 02:14 | Author: Earnest Bishop
Amazonannounced Thursday that it would acquire PillPack, an online pharmacy that seeks to simplify medication for people who take multiple drugs, by delivering packets with presorted doses.
The firm says it is 'designed to provide the best possible customer experience in the US for people who take multiple daily prescriptions'.
"We wouldn't be surprised to see pharmacies in Whole Foods at some point", he told the news service.
The deal is expected to close during the second half of 2018 and is subject to customary closing conditions.
PillPack delivers drugs in pre-sorted packaging to match the dosage.
Amazon.com Inc. is buying its way into the heart of the USA health-care system, instantly shaking up a prescription-drug industry already in the midst of a broader transformation. Aside from that deal, the Seattle company also is teaming with JPMorgan Chase and Warren Buffett's Berkshire Hathaway to create an independent company that improves care delivery for employees while doing a better job managing the expense. Terms of the June 28 deal were not disclosed. Shares of drug wholesalers Mckesson Corp, Cardinal Health and AmerisourceBergen were also down.
Amazon's acquisition of PillPack follows a larger-though less defined-move into the healthcare sector for the online giant. "PillPack makes it simple for any customer to take the right medication at the right time, and feel healthier", its cofounder and CEO TJ Parker said in a press release.
Shares in Walgreens Boots Alliance - which owns Boots in the United Kingdom, and CVS Health and Rite Aid were sent tumbling on Thursday afternoon, wiping $12.8bn (£9.7bn) off their combined market value.
Last year, Amazon gained approval from a number of state pharmaceutical boards to become a wholesale distributor, according to media reports. And what's notable about this particular case is the outsized degree of the market cap erased, relative to the price Amazon paid for PillPack.
"When Amazon sneezes, everybody else catches a cold", said Joseph Feldman, an analyst with Telsey Advisory.
"I think this is a fundamental step for Amazon, to begin to attack the pharmacy industry", said Adam Fein, president of Pembroke Consulting and an expert on the drug supply chain. The startup has raised upwards of $120 million in funding from backers including TechStars, Menlo Ventures, and Accel.
As a gratitude, Mexican fans around the globe burst into exuberant celebrations hailing South Korea and its supporters. Joachim Low's 12-year reign as Germany coach is under severe scrutiny after their World Cup exit (Sergei Grits/AP).
It was their biggest-ever World Cup victory, with Harry Kane firing home a hat-trick to fly to the top of the scoring charts. The dancing did not help the Senegalese beat the representatives of Japan, as the match ended with the score 2:2.
In recognition of National HIV Testing Day , the Greenwich Department of Health encourages residents to get tested for HIV. It can also be prescribed to men or women having sex with people who inject street drugs or with people infected with HIV.
In Algeria's final match in the group stage, it edged out a 3-2 victory over Chile, placing it second in the group behind Austria. Were the clash to end as a draw, first place would be decided on the number of cards received due to identical records elsewhere.
The device will sport 4GB, 6GB and 8GB RAM configurations and comes with 64GB, 128GB and 256GB storage variants. For power, the device relies on its 3,300 mAh non-removable battery which supports fast charging feature.
Hollywood star Tom Holland revealed the title of the 2019 sequel of "Spider-Man: Homecoming " as "Spider-Man: Far From Home ". Even Spider-Man: Homecoming and Civil War (which doesn't STRICTLY count) managed only a fraction of Venom's 64 million views.
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