CNBC: Amazon plans to acquire online pharmacy PillPack, the companies announced Thursday. CNBC has reported on Amazon's push into the pharmacy industry. The deal will give Amazon an immediate platform into the business of selling drugs. Shares of drugstore chains Walgreens Boots Alliance, CVS Health and Rite Aid all tanked on the news. PillPack packages organize and deliver drugs. It sends consumers packages with the specific number of medications they're supposed to take at specific times. It boasts a "full-service" pharmacy, meaning its customer service team is available 24/7.
There are two things I see here. One, Amazon has a really long runway. If there is a product that can be delivered to you they will find a way.
Two, is it time to either bail out of the pharmacy stocks and or short them? Will they become the next victim of Amazon?
What do you think?
Submitted June 28, 2018 at 09:28AM by sisumoney https://ift.tt/2N8UFEa
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