Eli Lilly (LLY) has announced a partnership with Amazon Pharmacy (AMZN) to streamline the delivery of prescriptions. The collaboration will be facilitated through LillyDirect, Eli Lilly's direct-to-consumer business channel. Eli Lilly had previously announced companies including Truepill and Eversana would also be participating in its LillyDirect service.
Yahoo Finance's Seana Smith breaks down the details.
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Editor's note: This video and article have been updated to more accurately reflect the partnership.
Note: This article was written by Angel Smith
Video Transcript
SEANA SMITH: Well, Eli Lilly announcing a partnership with Amazon. Eli Lilly has signed on Amazon Pharmacy to dispense certain medications like migraine and diabetes drugs, including GLP-1s directly to consumers as part of its new program, LillyDirect. Amazon is just one of the third-party outlets Lilly will be using to stand up the program.
Earlier this year, the pharma giant announced that it would start selling drugs directly to consumers, while still maintaining the current sales and distribution model that involves a pharmacy benefit managers and other middlemen to get to the pharmacy counters.
