BELOW SUPERNAV drop zone ⇩

Amazon opens online pharmacy, shaking up another industry

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

NEW YORK (AP) — Now at Amazon.com: insulin and inhalers.

The online colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to the front door in a couple days.

The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. Before the opening bell, Shares of CVS Health Corp. fell almost 7%. Walgreens and Rite Aid tumbled 10%.

The big chains rely on their pharmacies for a steady flow of shoppers that may also grab a snack, or shampoo or groceries on the way out. All major pharmaceutical chains have upped online services, but Amazon.com has mastered it, and its online store is infinitely larger.

Amazon will begin offering commonly prescribed medications Tuesday, including creams, pills, as well as medications that need to stay refrigerated, like insulin. Shoppers have to set up a profile on Amazon’s website and have their doctors send prescriptions there.

Most insurance is accepted, Amazon said. But Prime members who don’t have insurance can also buy generic or brand name drugs from Amazon for a discount.

Amazon has eyed the health care industry for some time. Two years ago, it spent $750 million to buy online pharmacy PillPack, which organizes medication in packets by what time and day they need to be taken. Amazon said that PillPack will continue, focusing on shipping medication to people with chronic conditions.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

58°F Cloudy Feels like 58°
Wind
2 mph ESE
Humidity
87%
Sunrise
Sunset

Tonight

Cloudy. Low 52F. Winds light and variable.
52°F Cloudy. Low 52F. Winds light and variable.
Wind
3 mph WSW
Precip
24%
Sunset
Moon Phase
Waning Crescent