Is Amazon Getting Into the Pharmaceutical Business? with Mike Koelzer
July 10, 2018•7 min
Amazon is acquiring online pharmacy PillPack in a deal that is already shaking up the drugstore industry.
The move is the strongest indication yet of Amazon's intent to push further into the health-care industry. It threatens to remove one of the few distinguishing factors pharmacy chains have relied on to fend off Amazon, the sale of prescription drugs. Retailers like Walgreens Boots Alliance, CVS Health and Rite Aid have seen their so-called front of store sales threatened as shoppers increasingly buy household staples online or from convenience stores.
Mike Koelzer from Kay Pharmacy elaborates on this big move by Amazon