After conquering online retail, getting its hands wet on physical bookstores and
supermarket chains, it was forecasted that it wouldn't be long before Amazon acted as a middleman for drug supplies. And that day has arrived. Today, the popular ecommerce giant announced it is acquiring
PillPack, a Boston-based online pharmacy startup that caters to customers who take multiple prescriptions. The news comes months after a
CNBC report that revealed Walmart's plans to buy the startup for US$ 1 billion. For Amazon, the acquisition is all about making Prime a lucrative subscription bundle, but the prospect of same-day drug deliveries does sound like a smart move, what say? Meanwhile, Amazon's entry into drug-retail spooked shareholders of major pharmacy stocks, with
rivals CVS, Walgreens, and Rite-Aid losing a collective US$ 12.8 billion in market value on Thursday alone.
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