Author Topic: Are prescription drugs the next target for Amazon?  (Read 193 times)

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Southern Jewel's Fab Finds

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Are prescription drugs the next target for Amazon?
« on: October 10, 2017, 09:46:36 AM »
I mentioned this months ago...I think in July 2017.
Are prescription drugs the next target for Amazon?

http://www.chicagotribune.com/business/ct-biz-amazon-selling-drugs-online-inv-20171009-story.html

http://money.cnn.com/2017/10/09/investing/amazon-prescription-drugs-online-pharmacy-report/index.html

Another day, another report that Amazon might try to upend a part of the traditional retail industry.
Are pharmacies and the health care business next?
Two analysts at Leerink, a boutique investment firm that focuses on the health care industry, said in a report Friday that Amazon (AMZN, Tech30) will "almost certainly" get into the prescription drug distribution business within the next two years.

Shares of the CVS (CVS) and Walgreen (WBA) drugstore chains both fell nearly 5% Friday following the release of the report. Pharmacy benefit management company Express Scripts (ESRX) dropped more than 2.5%.
The stocks were all down again Monday. CVS and Walgreen dropped 3% further and Express Scripts fell 5% -- even as Amazon rose and the Dow and Nasdaq hit new all-time highs.



uncleleroy

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Re: Are prescription drugs the next target for Amazon?
« Reply #1 on: October 12, 2017, 10:22:05 AM »
Are we surprised? I'm not as we both called it many moons ago. Next, they'll be delivering flowers to weddings and funerals.

Southern Jewel's Fab Finds

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Re: Are prescription drugs the next target for Amazon?
« Reply #2 on: October 12, 2017, 02:57:36 PM »
Don't give them any ideas.
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WayOutWest

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Re: Are prescription drugs the next target for Amazon?
« Reply #3 on: October 31, 2017, 04:07:58 AM »
Looks like you were pretty spot on. Amazon just got wholesale pharmacy licenses in multiple states. Nevada one looks to be for medical devices (controlled drugs box left unchecked) but. . .

http://www.stltoday.com/business/local/amazon-gains-wholesale-pharmacy-licenses-in-multiple-states/article_4e77a39f-e644-5c22-b5e6-e613a9ed2512.amp.html
« Last Edit: October 31, 2017, 04:21:37 AM by WayOutWest »

Southern Jewel's Fab Finds

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Re: Are prescription drugs the next target for Amazon?
« Reply #4 on: October 31, 2017, 10:06:23 AM »
Thanks, I've been wondering when that would be going through.

  

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