CNBC August 6, 2019
KEY POINTS
- CVS and Walgreens say PillPack is requesting transfers of prescriptions for patients who haven’t provided consent.
- The conflict started heating up immediately after Amazon purchased PillPack in mid-2018 for $753 million.
- It’s part of a broader challenge that Amazon faces as it attempts to upend the traditional pharmacy market and become a major player in prescription drug delivery.
As Amazon bolsters its PillPack business to take on the prescription drug market, industry stalwarts CVS and Walgreens are vigorously defending their turf, setting up a protracted battle between the old guard and the new.
Amazon bought internet pharmacy PillPack last year, a deal that sent shares of pharmacy companies...
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