Amazon’s acquisition of online pharmacy PillPack spooks retail drugstores

After months of speculation, it finally happened: Amazon jumped headlong into the drug distribution business with its acquisition of PillPack, an online, mail-order pharmacy. The news sent shares of Walgreens, CVS and Rite Aid plummeting, even as Walgreens Boots Alliance CEO Stefano Pessina downplayed the transaction.

Read the full post on FierceHealthcare: Payer