Article

2020-11-18 Economy

Amazon Pharmacy announcement sends stocks of drugstore chains tumbling

[New York Post] Amazon just handed the nation’s pharmacy chains a tough pill to swallow.

The e-tailing giant on Tuesday launched Amazon Pharmacy, a new online store that will allow customers to order prescription drugs directly to their homes.

The news sent shares of CVS tumbling 8.6 percent, while Rite Aid plummeted 16 percent and Walgreens Boots Alliance fell 9.6 percent on fears that the drugstore sector is the latest to land in Amazon’s crosshairs.

Amazon Pharmacy will ship common medicines like insulin and asthma inhalers, as well as generic or brand-name drugs. The new service won’t sell opioids or other drugs that are at higher risk of theft. The service requires a doctor’s prescription, like at a regular pharmacy, and will accept most insurance.

Customers will be able to speak to pharmacists 24/7 via the company’s site, and will give customers the option to compare prices of different drugs, as well as quickly switch between a co-pay and non-insurance option. Prime members using the service will receive "up to 80 percent savings" on generic drugs when paying without insurance, and up to 40 percent on name brands, the company says.

Posted by Besoeker 2020-11-18 05:11|| || Front Page|| [12 views ] Top

#1 From Wuhan to your doorstep. Forget the middle man.

Posted by Besoeker 2020-11-18 05:15|| 2020-11-18 05:15|| Front Page Top

#2 Will they include some complimentary seeds to plant in one's yard as well?

Posted by Clem 2020-11-18 06:20|| 2020-11-18 06:20|| Front Page Top

#3 All hail our new Rockefeller. Owns the wells, the railroads and the politicians too.

Sing now, peasant children:
He's got da whole wor-rld, in his hands...

Posted by Ulaising Bonaparte4994 2020-11-18 06:53|| 2020-11-18 06:53|| Front Page Top

#4 This isn't new. Been around a while. I use this for my wife as she takes multiple prescriptions and the local Walgreens and CVS kept fucking things up. PillPack (Amazon) hasn't messed it up once and we get it on time, they contact the doctor for refills and everything. Very happy with it.

Posted by DarthVader 2020-11-18 09:55|| 2020-11-18 09:55|| Front Page Top

#5 /\ Good to hear, DV.

Posted by Clem 2020-11-18 10:43|| 2020-11-18 10:43|| Front Page Top

No need for that long ride into town, you can find it right here at the company store.

Posted by Besoeker 2020-11-18 10:56|| 2020-11-18 10:56|| Front Page Top

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