Amazon keeps pushing into the pharmacy business, puts former Kindle exec in charge

Amazon has tapped 14-year company veteran Nader Kabbani to run its new pharmacy business, including the team that came in through last year's acquisition of PillPack, CNBC has learned. Kabbani, who helped build Amazon's Kindle self-publishing platform and has served as vice president in the logistics and Flex businesses, is now"vice president of consumables, special projects," according to an internal document that was viewed by CNBC.

Shortly into his new role, Kabbani was the point person for the purchase of PillPack, according to three people familiar with the matter who asked not to be named because the discussions were private. Walmart had been in talks with PillPack for months prior to that deal. The PillPack purchase represented one of Amazon's most public moves into the $3.5 trillion health-care industry. The company has been looking at the pharmacy space for years and started hiring a team in 2017.

Esto debe de preocupar muchísimo a CVS and Walgreens.

Luv Amazon, Amazon Pharma not so much.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fears of Amazon appear overblown as companies that fretted competition went on to beat marketThe majority of S&P 500 companies that were concerned about the Jeff Bezos-led e-commerce giant in late 2017 are beating the broader market. Bologna
Source: CNBC - 🏆 12. / 72 Read more »