Walgreens and CVS stocks plummet as Dr

Amazon buys online pharmacy in move into drug business | TheHill

But the prospect of major retailers like Amazon getting into the business has roiled the traditional pharmacy world even further.

"PillPack's visionary team has a combination of deep pharmacy experience and a focus on technology", said Jeff Wilke, who heads the Amazon worldwide consumer business, in a statement. In April, CNBC reported Walmart Inc. was in talks to buy the company for "under $1 billion", citing unnamed sources. The PillPack deal is expected to close during the second half of 2018.

In an interview with WBUR earlier this year, TJ Parker, one of PillPack's co-founders, said retail pharmacies haven't caught up with the reality of people who take multiple medications, meaning patients do a lot of work themselves. Terms of the deal were not disclosed, but Amazon referred to the deal as a "definitive merger agreement".

Shares of Walgreens and CVS Health Corp. fell in pre-market trading.

It also coordinates refills and renewals, and makes sure shipments are sent on time.

Rumour: The Eternals' Kronos to feature in Avengers 4
But having a villain be somebody that seems very scary and very risky when you first see that masked visage coming through a wall. As she says on the red carpet, she's well aware that Cassie becomes a superhero in the comics who goes by the name "Stature".

Moscow confectioners build life-size chocolate Messi for his birthday
Simeone meanwhile was scathing of error-prone goalkeeper Willy Caballero, whose howler led to Croatia's opening goal. However Simeone said Argentina needed to rediscover their fighting spirit to have any chance of progressing.

Erdogan declared winner of Turkey presidential polls
Turkish President Recep Tayyip Erdogan won Turkey's presidential election Sunday to stay in power for at least five more years. Turnout at the elections hovered around an extraordinary 87% of the electorate, exceeding that of last year's referendum.

"PillPack is meaningfully improving its customers" lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier.

Last week, Amazon, JPMorgan Chase and Berkshire Hathaway announced Boston doctor Atul Gawande as the chief executive of the companies' new health care venture, which will be based in Boston.

"In our view, this is only the first play in what will be an increasingly aggressive strategy by Amazon to develop a much more significant presence in the pharmacy market", he said.

Parker grew up behind the counter of his father's drug store in Concord, N.H., and has spoken of his exasperation seeing customers resort to spreadsheets to figure out how to schedule and sort their medications.

Someday soon, the workers in Amazon-branded shirts and vans could be delivering customers' medication. It had raised $123 million in financing, most recently $5 million in debt from TriplePoint Venture Growth in August 2017, according to data from industry research firm PitchBook.

Related news:

Hot News

isis-killer-beheading-video-story-top Joachim Low criticizes Ozil after Germany exit
Jun 28, 2018 - 21:59
In each of the last three finals - and in four of the last five - the holders failed to make it out of the group stages. In Spain, meanwhile, national sport newspaper Marca called Germany's exit "the curse of the champions".

isis-killer-beheading-video-story-top Senegal vs. Colombia - Football Match Report
Jun 28, 2018 - 20:39
Japan and Senegal were even on points, goal difference, goals scored, and they tied in their head-to-head meeting. It referenced the murder of Colombian defender Andres Escobar following an own-goal at the 1994 World Cup .

isis-killer-beheading-video-story-top LeBron James would 'let the roster come together' for Lakers — Rival GM
Jun 28, 2018 - 19:31
The point guard went on to say that his former teammate was "incredible" and checked off every mark statistically this year. It is unlikely that the Cavaliers would've traded Kyrie Irving with James and George together on the Cleveland roster.

isis-killer-beheading-video-story-top Should England lose to Belgium? Former Three Lions stars fire warning
Jun 28, 2018 - 17:12
Unlike Southgate, the former Everton and Wigan manager said he was approaching Thursday's game with one eye firmly on the knockout rounds.

isis-killer-beheading-video-story-top Teen charged and four arrested over Bronx machete murder
Jun 27, 2018 - 17:28
Shea said the gang is "not new to us" and vowed to crack down on gang violence in the Bronx. "I want my son with me". Another suspect was reportedly taken into custody in the Dominican Republic.

isis-killer-beheading-video-story-top Germany to face South Korea in do-or-die contest
Jun 27, 2018 - 14:57
Germany have come under fire from the Sweden coach, who said the German bench's celebrations were insensitive to their opponents. He may even be partnered with club teammate Niklas Sule, given Antonio Rudiger's shaky performance against Sweden.

isis-killer-beheading-video-story-top Iceland sunk by late Croatian goal
Jun 27, 2018 - 06:42
Croatia showed none of that lethargy to start the second half, however, and it was in the 53rd minute when Badelj broke through. Iceland pushed forward, and threw men forward in search of a victor which looked increasingly like it would send them through.

isis-killer-beheading-video-story-top IOS 12 public beta released: 4 reasons to try it
Jun 27, 2018 - 00:46
Those predictions are based on previous Apple release history and trying to predict future behavior based on historical patterns. If you have an iPhone X , there are a couple of extra things for you to try - namely " Memoji ", emoji that you can create.

isis-killer-beheading-video-story-top Vela and Hernandez put Mexico within touching distance of the knockouts
Jun 26, 2018 - 23:36
Belgium vs Tunisia Match Result and Highlights: Romelu Lukaku, Eden Hazard Power Belgium to Brink of 2018 FIFA World Cup Last 16 . This win followed one of the World Cup's most confounding upsets, when Mexico toppled Germany 1-0 in its opener.

isis-killer-beheading-video-story-top Croatia in euphoria after stunning win over Argentina
Jun 26, 2018 - 22:25
As Spiro hinted, there are some remarkable parallels between this match and France's final group game at the 1998 World Cup . According to former Argentina national soccer teammate Pablo Zabaleta, the World Cup forward is "stressed and unhappy ".

isis-killer-beheading-video-story-top Uber driver streaming 'The Voice' just before fatal Ariz. crash
Jun 26, 2018 - 20:27
Instead, Uber relied on its drivers "to intervene and take action" even though its system doesn't sound a visual or audible alert. A crash report indicated that the self-driving vehicle was traveling too fast for the road conditions.

isis-killer-beheading-video-story-top World Cup Group qualifying scenarios for knockout rounds
Jun 25, 2018 - 10:47
Amaju Melvin Pinnick will be on duty for the world football -governing body today, when Portugal take on Iran in Saransk. Tunisia and Panama have no points ahead of their meeting, where a draw would secure third place for the North Africans.

isis-killer-beheading-video-story-top Greece creditors agree on deal
Jun 25, 2018 - 09:28
However, Tzanakopoulos said there was no truth in speculation that this deal was tied in any way to Greek debt relief. He said soon after being elected that he would only wear one when Greece had settled its debt problems.

isis-killer-beheading-video-story-top Trump urges Republican lawmakers to drop immigration effort
Jun 23, 2018 - 19:55
If a bill makes it through the House, it would still have to be supported by several Senate Democrats to pass both houses. Trump himself took a hard line on the crisis, accusing the Democrats of telling "phoney stories of sadness and grief".

isis-killer-beheading-video-story-top Nick Jonas shows love for Priyanka Chopra on social media
Jun 23, 2018 - 19:16
But recently, Priyanka Chopra is reigning the headlines for her alleged relationship with American singer-songwriter Nick Jonas . As we wrote earlier this month , Nick brought Priyanka to his cousinRachel Tamburelli's wedding in Atlantic City, New Jersey.