World News – CA – Amazon launched an online pharmacy for US consumers

Amazon said Tuesday it has launched an online pharmacy for US consumers, who will be able to order drugs directly from the giant’s e-commerce website or mobile app.

The move comes two years after Amazon acquired PillPack, an online pharmacy that offers pre-labeled dose packaging and delivery..

“We designed Amazon Pharmacy to put customers first – bringing Amazon customer obsession into an industry that could be uncomfortable and confusing,” said TJ Parker, vice president of the new unit..

“We work hard behind the scenes to deal with complications smoothly so that anyone who needs a prescription can understand their options, place their orders at the lowest price available, and deliver their medication quickly..

It has long been rumored that Amazon is interested in the pharmacy business, and the entry of a powerful new player could destabilize a business dominated by major US chains including CVS and Walgreens

An Amazon statement said PillPack will continue to operate as a premium unit within Amazon Pharmacy for customers using the service.

The tech and retail giant said it will abide by US health privacy laws and will not provide certain controlled drugs such as opioids.

The online pharmacy will allow customers to use their insurance or pay out of their pockets, while also offering discounts for Amazon Prime members.

The move comes with growing scrutiny by Amazon and other tech giants over their growing dominance in key sectors of the economy..

In pre-market trade, rival pharmacy operators saw their shares tumble with Rite-Aid down by 11. 7 percent, CVS loss of 7. 1 percent, and 9 percent green. .

Amazon earlier this year launched an online consumer pharmacy in India for both prescription and over-the-counter drugs.

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