Amazon moves into the prescription drug business | WORLD
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The Sift
Business & Economy
by Kristen Flavin, Lynde Langdon
Post Date:
June 29, 2018

Amazon moves into the prescription drug business

Amazon announced a deal Thursday to acquire PillPack, an online pharmacy that caters to people who take multiple prescription medications each day. It delivers prescription drugs in pre-sorted dose packaging and simplifies refills and renewals. Amazon will reportedly pay about $1 billion for the company. If regulators sign off on the deal, Amazon will have a path to disrupt the pharmaceutical industry the same way it’s shaken up just about everything else in retail. News of the deal rattled Wall Street on Thursday. Stocks of major drugstore chains like Walgreens and CVS dropped sharply.

Kristen Flavin cw
Kristen Flavin

Kristen is Senior Producer and Features Editor for The World and Everything in It. She was part of the WORLD Journalism Institute class of 2014 and has been working for WORLD behind the scenes since 2011.

@kristenflavin

Lynde Langdon wc
Lynde Langdon

Lynde is a former executive editor for WORLD’s News division. She is a graduate of World Journalism Institute, the Missouri School of Journalism, and the University of Missouri–St. Louis. Lynde resides with her family in Wichita, Kan.

@lmlangdon

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