Amazon to Obtain the Online Pharmacy Startup PillPack for $1 Billion

On June 28, Amazon announced that they are buying off the online pharmacy startup, PillPack. With this event happening so fast, many pharmaceutical company are threatened.

Upon acquiring PillPack, an online pharmacy, Amazon was given the right to distribute prescription around the United States anytime. This has caused a huge fuss as this was considered a threat to many businesses within the industry.

The news has surprised many people as well since it was rumored that Walmart, Amazon’s biggest competitor, and PillPack has been in talks of acquiring the latter. But as it turns out, Amazon has won the deal as they have given a bigger offer of over $1 Billion.

Amazon is known for giving discounts to their customers and now a lot are expecting that they will do the same in the situation of PillPack. And with this strategy, sooner or later, people will start to buy medicinal products and prescription through this platform. Though this idea is very good for business, it might take some time before it will be implemented.

According to CNBC, a spokesperson of Express Scripts, a pharmacy benefit management organization, said that PillPack’s contract with them will be ending in July and they have not discussed anything yet. Following this event, pharmacy benefits managers might reconsider their agreement with PillPack. So lessening the price of their products might take a while.

Share this article

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Leave a comment

About the Author

Anylyn Abian
Anylyn Abian

Trending

"Haven" - the Amazon joint venture health care

"Haven" - the Amazon joint venture health care

Haven is focused on improving health care services for their 1.2 million combined employees. The company also launched “havenhealthcare.com” as its official website.
Amazon to acquire home mesh router startup eero

Amazon to acquire home mesh router startup eero

The retail giant Amazon announced that they are acquiring the home mesh startup eero to further expand their smart home efforts. Amazon, the largest e-commerce marketplace and cloud computing platform in the world, have been engaging with smart home products lately. As part of their expansion in smart home products,…
Microsoft and Walgreens Partnership for health services

Microsoft and Walgreens Partnership for health services

Microsoft and Walgreens have entered a seven-year agreement to research and develop digital healthcare services using digital devices. Microsoft is competing with Amazon for supremacy in cloud computing. The recent partnership between Microsoft and Walgreens marks that Microsoft is also battling Amazon in the lucrative health care market as well.…
Uber plans to acquire Deliveroo

Uber plans to acquire Deliveroo

Uber said on Thursday, September 20, that they are planning to buy Deliveroo – a food delivery firm. Uber Technologies Inc.,  a ride-hailing company headquartered in San Francisco, California, is currently in talks to acquire the European food delivery firm Deliveroo which was reported to be one of the biggest…