Publicado: Vie, Junio 29, 2018
Salud | Por Gertrudes Rodriquez

Amazon just put the entire pharmaceutical industry on notice

Amazon just put the entire pharmaceutical industry on notice

Amazon on Thursday said it is buying online pharmacy PillPack for an undisclosed sum.

PillPack was launched by two members of the "hacking medicine" initiative at the Massachusetts Institute of Technology, and helps people manage multiple medications with a software platform that offers reminders, dose-specific packaging and delivery.

The deal is expected to close in the second half of 2018.

Amazon.com had made a major step in its bid to revolutionise the healthcare indutsy by buying an online pharmacy.

PillPack sorts prescription medications into packages based on when doses need to be taken. It's not clear yet what Amazon plans to do with the new business, including whether it will allow the firm to remain independent (as with shoe retailer Zappos) or turn it into the foundation of a bigger health-care push, reports CNNMoney.

The online retail giant also announced a joint venture with JPMorgan Chase and Berkshire Hathaway aimed at lowering health costs for the companies' United States employees.

Last year Amazon closed a deal to acquire the Whole Foods grocery chain and has begun offering discounts to consumers who are members of its Prime subscription service.

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Amazon's acquisition of PillPack follows a larger-though less defined-move into the healthcare sector for the online giant. Losses in Walgreens Boots Alliance, CVS, and Rite Aid exceeded 10% at their worst, with almost $15 billion of market value wiped out.

The three companies said they would use big-data analysis and other high-tech tools to improve care and cut waste.

Amazon declined to answer questions about how PillPack would be incorporated into its business and whether there are plans for worldwide expansion.

Amazon did not say how much it was paying for PillPack.

"When Amazon sneezes, everybody else catches a cold", said Joseph Feldman, an analyst with Telsey Advisory.

"However, we have learned never to discount a potential Amazon entrance into any market", the analyst said.

"I think this move jump-starts efforts and clears some hurdles [for Amazon], and what it's really going to do is fast-track any moves they want to make to get licensed", Rea said. It's raised more than $118 million from brand-name investors including Accel, Sherpa Capital and NY rapper Nas's Queensbridge Venture Partners.

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