Two years ago, when Amazon acquired online pharmacy PillPack for $753 million, it hinted at plans that the retail giant might enter the pharmacy business someday soon. Now, Amazon is showing its hand.
On Tuesday, it rolled out a service for users to purchase their prescriptions online and receive them at home. The news shook several pharmacy stocks, posing a potential threat to the dominance of big chains such as CVS Health and Walgreens. Despite this, an analyst believes there will not be a “blow up” in prescription pricing.
Image: Amazon launched its much-anticipated Amazon Pharmacy on Nov. 17. It delivers prescriptions to patients homes and lets Prime users access cash pay discounts. Photo credit: Amazon
