SEATTLE — Amazon.com has sent a major tremor through the retail pharmacy industry with its planned acquisition of PillPack, an online pharmacy that organizes prescriptions and vitamin supplements into daily dosage packets and delivers them to patients’ homes. The deal, which Bloomberg News values at about $1 billion citing “a person familiar with the matter,”
ARLINGTON, Va. — Reverse distribution of pharmaceutical products accounts for 3.5% to 4% of all pharmaceutical sales — more than 120 million product units — and exceeds $13 billion in value, according to a new report from the Healthcare Distribution Alliance (HDA) Research Foundation. Reverse distribution involves moving unsold salable inventory within, or removing unsalable
Amazon’s long anticipated, much ballyhooed entry into the retail pharmacy sector has finally taken place. The e-commerce powerhouse in late June agreed to pay a billion dollars to purchase PillPack, which packages prescription medications in presorted doses, along with over-the-counter health care products and nutritional supplements, and delivers them directly to patients’ homes. Cofounded in
