Amazon's Acquisition of PillPack is Harming Traditional Pharmacies

Amazon's acquisition of PillPack is hitting traditional pharmacies.
Stocks quotes in this article: CVS, WBA, RAD, AMZN

Amazon.com Inc. (AMZN) is taking over the pharmaceutical retail space.

The company announced its acquisition of PillPack, an online pharmacy, on Thursday, June 28.

The acquisition announcement sent pharmaceutical retailers such as Walgreens Boots Alliance Inc. (WBA) , Rite Aid Corp. (RAD) and CVS Health Corp (CVS) into a tailspin. 

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TAGS: Pharmaceuticals | Retail | United States | Video

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