CNBC July 3, 2018
Christina Farr

  • Amazon bought internet pharmacy start-up PillPack last week for around $1 billion.
  • Consumers could get access to prescription meds sooner than you might expect.
  • Drug supply chain experts suggest that the company could target the growing niche of people who pay out-of-pocket for their meds.
Mail-order drug company PillPack prepackages consumers’ pills for daily or hourly use.

Now that Amazon has snapped up internet pharmacy PillPack for around $1 billion in cash, how long will it take before consumers can rely on the e-commerce giant for their medicines, as they do for groceries, clothing, books and pretty much everything else?

And what will Amazon’s strategy be once the deal closes this year?

CNBC spoke...

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Topics: Mergers & Acquisitions / JV, Pharma, Trends
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