News Link: Amazon Launches Online Pharmacy in new Contest with Drug Retail
Amazon Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States. Increasing competition with drug retailers such as Walgreens, CVS and Walmart.
Called Amazon Pharmacy, the new store lets customers price-compare as they buy drugs on the company’s website or app. Shoppers can toggle at checkout between their co-pay and a non-insurance option, heavily discounted for members of its loyalty club Prime.
The move builds on the web retailer’s 2018 acquisition of PillPack, which Amazon said will remain separate for customers needing pre-sorted doses of multiple drugs.
Over the past two years, Amazon has worked to secure more state licenses for shipping prescriptions across the country. This had been an obstacle to its expansion into the drug supply chain.
The company founded as an online bookseller has disrupted industries including retail and computing. Now potentially pharmaceuticals, drawing criticism of its size and power from labor groups and lawmakers along the way.
Amazon Pharmacy, said in a statement the retailer aimed to bring “customer obsession to an industry that can be inconvenient and confusing.”
Amazon faces entrenched competition from Walgreens Boots Alliance Inc, CVS Health Corp, Walmart Inc, Rite Aid Corp , Kroger Co and others. Take-up of online ordering of drugs has been low, according to market research from J.D. Power.
Still, the pandemic may help bring drug orders online. E-commerce has surged this year as governments told people to stay home to stave off infections of COVID-19. Prime members more than 150 million globally may be receptive to buying medication online now that it’s from Amazon.
The company said Prime subscribers get up to 80% off generic and up to 40% off brand drugs when they pay without insurance, as well as two-day delivery.
Compiled by – MK (Editor)
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