This is interesting because Amazon isn't exactly known for supply chain integrity. Who here hasn't received fakes from Amazon? If you rely on a specific medication for your health, is Amazon a brand you trust to deliver it? How long until they start commingling pills and shipping random counterfeit/fake product to users? Hope it never happens but if they do with pharmaceuticals what they did with everything else they…
Amazon buys PillPack, an online pharmacy, for just under $1B
31–40 of 333 posts
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#32Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)
CVS is down 8% right now, Walgreens is down 9%, and Rite Aid is down 10%. Investors are very nervous right now.
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#33This is interesting because Amazon isn't exactly known for supply chain integrity. Who here hasn't received fakes from Amazon? If you rely on a specific medication for your health, is Amazon a brand you trust to deliver it? How long until they start commingling pills and shipping random counterfeit/fake product to users? Hope it never happens but if they do with pharmaceuticals what they did with everything else they…
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#34Earlier quoted context omitted.
A marketplace and something like pharmacy are completely different. They will still get their drugs from known producers, and on the generics side you'd have things like teva.
I can already get my pharmacy prescriptions from mail order fulfillment houses (up to 90 day supplies even depending on the prescription). What does Amazon offer on top of that? I’ve never not been within 15-20 minutes of a Walgreens or CVS when I needed a prescription immediately, so I don’t see what benefit Amazon brings to this. They’re (Amazon) not faster, I don’t care if they’re cheaper (insurance coverage), and…
Pillpack works proactively with your doc and insurance to handle refills, paperwork, etc -- more so than any other pharmacist I've had.
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#35Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#36This is interesting because Amazon isn't exactly known for supply chain integrity. Who here hasn't received fakes from Amazon? If you rely on a specific medication for your health, is Amazon a brand you trust to deliver it? How long until they start commingling pills and shipping random counterfeit/fake product to users? Hope it never happens but if they do with pharmaceuticals what they did with everything else they…
Just as a data point, I don't believe I've gotten a fake from Amazon.
You almost certainly have, though you may not be able to tell the difference if you don't actively look for it.
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#37Earlier quoted context omitted.
I can already get my pharmacy prescriptions from mail order fulfillment houses (up to 90 day supplies even depending on the prescription). What does Amazon offer on top of that? I’ve never not been within 15-20 minutes of a Walgreens or CVS when I needed a prescription immediately, so I don’t see what benefit Amazon brings to this. They’re (Amazon) not faster, I don’t care if they’re cheaper (insurance coverage), and…
To your point, you aren't Amazon's customer, the insurance companies are. They might be able to use their size as leverage for better prices from manufacturers and compensation from insurance companies. There may also be synergies with Amazon's business lines because volume is a big factor in fulfillment costs. All of these factors might give them an edge over other online or brick and mortar pharmacies.
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#38Earlier quoted context omitted.
A marketplace and something like pharmacy are completely different. They will still get their drugs from known producers, and on the generics side you'd have things like teva.
I can already get my pharmacy prescriptions from mail order fulfillment houses (up to 90 day supplies even depending on the prescription). What does Amazon offer on top of that? I’ve never not been within 15-20 minutes of a Walgreens or CVS when I needed a prescription immediately, so I don’t see what benefit Amazon brings to this. They’re (Amazon) not faster, I don’t care if they’re cheaper (insurance coverage), and…
Every time I'm subjected to multiple dark patterns simply in the course of checking out (say, for some brand that makes Amazon their official distribution channel), I wonder why so many seem to be singing their praises. I can only think there's just a sizable segment of newly-digital suburban-hipsters, finally discovering online ordering in general and comparing Amazon to say driving to Target.
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#39Meanwhile, CVS + Walgreens lost $6B in market cap on the news Amazon is moving directly into pharmacy space. It's crazy how competitive Wall Street views Amazon moving into a market; have there been examples of Amazon making a large purchase/move but completely failing? (sure there are, just not coming me off the top of my head)
Re: Amazon buys PillPack, an online pharmacy, for just under $1B
#40Just another step in dominance for Amazon. Pretty soon you will be able to upload your prescriptions to Amazon and Prime Now will deliver within an hour, for $8.99
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Walmart has been negotiating either a purchase or partnership with Humana. This may drive Walmart to be more agressive towards finalizing a deal or maybe even have them looking at a different potential target such as Cigna which has agreed the purchase Express scripts, the largest PBM.