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Why Did Amazon Buy PillPack?

Rachel Gunter
Why Did Amazon Buy PillPack?

Amazon (AMZN) is acquiring online pharmacy PillPack in a transaction expected to close later this year. The announcement of the deal rattled the drug retailer and distributor world. Stocks of drug retailers and wholesalers CVS Health (CVS), Walgreens (WBA), and Cardinal Health (CAH) fell on the news of Amazon acquiring PillPack.