Online pharmacy PillPack soon be acquired by Amazon

Amazon.com Inc shared the information that it would takeover medications-by-mail company PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. This news already shaken up the drugstore business in the US.

PillPack packages organize and deliver medicines. It sends consumers packages with the specific number of medications they’re supposed to take at specific times.

Amazon is expecting the deal will be closed during the second half of 2018. This news proved Amazon’s intentions to move further into the health-care industry.

According to PillPack website, it has a license to ship prescriptions in 49 states. And according to the sources, Amazon paid roughly $1 billion to PillPack. PillPack as the start-up raised $118 million in funding from investors including CRV and Menlo Ventures, and then it reached more than $100 million in revenue in 2017. In 2016 it was reported to be valued at $330 million.

Related Posts

Kota Maternal Deaths: Jaipur Expert Team Finds Sterilization and Fumigation Lapses; FDA Collects Samples, Collector Orders Action

Jaipur:  The investigation into the deaths and critical illness of women following Caesarean deliveries at Kota’s government hospital has intensified, with a high-level medical team from Jaipur reportedly identifying serious…

Prescription Drug Diversion Crisis Deepens Across India: Massive Seizures of Pregabalin, Tramadol, Codeine Syrup and Psychotropic Capsules Expose Regulatory Failure

New Delhi: Despite stringent provisions under the Drugs and Cosmetics Act, 1940 and the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, illegal diversion and trafficking of prescription medicines continues…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Kota Maternal Deaths: Jaipur Expert Team Finds Sterilization and Fumigation Lapses; FDA Collects Samples, Collector Orders Action

Kota Maternal Deaths: Jaipur Expert Team Finds Sterilization and Fumigation Lapses; FDA Collects Samples, Collector Orders Action

Prescription Drug Diversion Crisis Deepens Across India: Massive Seizures of Pregabalin, Tramadol, Codeine Syrup and Psychotropic Capsules Expose Regulatory Failure

Prescription Drug Diversion Crisis Deepens Across India: Massive Seizures of Pregabalin, Tramadol, Codeine Syrup and Psychotropic Capsules Expose Regulatory Failure

US FDA and Telangana DCA bolster global pharma safety at second regulatory forum

US FDA and Telangana DCA bolster global pharma safety at second regulatory forum

Nishant as Health Minister, Bihar is all set to witness a New Dawn of Healthcare

Nishant as Health Minister, Bihar is all set to witness a New Dawn of Healthcare

Six Women Develop Serious Complications After C-Section

Six Women Develop Serious Complications After C-Section

Cracks Down on Pharma Biological Firm in Bagru; Labeling Violations, Unapproved Claims and Quality Lapses Detected

Cracks Down on Pharma Biological Firm in Bagru; Labeling Violations, Unapproved Claims and Quality Lapses Detected