This week, Amazon announced its launch of Amazon Pharmacy, an online and mobile prescription medication ordering service. This move comes a little over two years after its acquisition of Pillpack for $753 million.
The company said its online pharmacy will offer commonly prescribed medications in the U.S. After setting up a profile, users can have their doctors sent prescriptions directly to Amazon.
Continuing its ambition to become a one-stop-shop for medicine and wellness, Amazon’s push into the pharmacy business has sent shares of giant drugstore chains such as CVS and Walgreens plummeting. However, industry experts expect the move to mostly affect smaller drugstores that don’t have the purchasing power of retail giants or deals with insurers.
With a track record of disruption in several industries (i.e. booksellers, supermarkets, shipping companies), Amazon’s impact on the pharmacy business will be profound.
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