Amazon's Pharmacy Play Wipes $10 Billion From Walgreens And CVS Market Values

  • 📰 Forbes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Shares of insurers and prescription coupon firms also tanked after Amazon's announcement.

as much as 10% immediately after that announcement, but they recovered within months as it became evident that PillPack would continue to operate independently of its colossal parent, which is known for putting industries on edge with what Wall Street's dubbed as the"Amazon effect." When Amazon announced it was buying Whole Foods for $13.

and its physical retail pharmacies are increasingly becoming a more efficient, cost-effective way to provide simpler healthcare services such as flu shots and–very soon–coronavirus vaccines." “As more and more people look to complete everyday errands from home, pharmacy is an important and needed addition to the Amazon online store,” said Doug Herrington, a senior vice president at Amazon, in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sent us some of your money.

Drugs like Narcotics thru the mail

Holyshit!

“Amazon announced the launch of its own digital pharmacy alongside prescription discounts of up to 80% for its Prime members.”

Those two companies sat on their hands when it came to building out their online platforms for d to c and their logistics, they deserve this! Amazon adapts while others sit. Amazon has solved logistics and now every category is forever in play for them..

Those two companies sat on their hands when it came to building out their online platforms for d to c and their logistics, they deserve this! Amazon adapts while others sit.

pharmlords 🤷🏻‍♂️

I saw this coming, they will soon be at the back burner trying to catch up to Jeff. Periods of pharmaceutical dominance might be coming to the end like former Longs Pharm.

Love him or hate him, this is a brilliant idea... Good for the consumer, good of the companies, bad for pharmacists maybe... But a great idea

People, you gotta stop buying from Amazon.

Holyshit.

This corona plot is benefiting the big corporation.

Could Bezos be any greedier?

angelbrunette22

amazon just gotta ruin everything for everyone.

CVS & Walgreens should have seen this coming.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines