The pharmaceutical world trembled a bit when Amazon acquired Pillpack at the end of June this year. With Amazon’s door to door shipping ability and, its entry into this market signals potential trouble for pharmacy giants like CVS and Walmart, whose stock dropped immediately upon announcement of the sale. The long-term implications may spell a significantly reduced market share for traditional and mail order pharmacies.
While this purchase may have negative effects on competitors, it could have a positive effect on the opioid epidemic. PillPack’s full service, customer-focused approach can make it more difficult for the general population to get these medications illegally.