Amazon enters the pharmaceutical sector – 01/07/2018



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Amazon entered the drug trade with the announcement of the purchase of PillPack Pharmaceutical Online an operation for which the price was not reported.

PillPack specializes in patients with prescription : collecting drugs, arranging shipping and taking care of supply in cases of chronic diseases.

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The largest online trading company was not the only one interested in buying . In April, CNBC television reported that PillPack was about to be bought by Wal-Mart.

As it was said then, the price was less than 1 billion US dollars a scenario in which Wal-Mart intensifies its online activities to compete with Amazon.

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Stock Exchanges took over as the beginning of the Amazon Offensive on the US Pharmaceutical Market, with a stock market crash of the largest chains operating pharmacies .

Thus, during the Wall Street session the pharmaceuticals Walgreens and CVS they dropped by 9% in the beginning and Rite Aid recorded falls of up to 13%.

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