Amazon Pharmacy Spotlights Lowest-Cost Drugs And Generic Discounts
Launches Amazon Pharmacy Service Delivering Prescription Medications In US
Amazon stands to shake up the pharmacy business in the US after launching an online prescription drug delivery service that emphasizes the ability to compare prices between branded and generic drugs and choose the lowest-cost option, as well as offering discounts of up to 80% off generics prices.
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Walgreens Boots Alliance’s (WBA)’s chief executive officer Stefano Pessina has insisted that the firm is “not particularly worried” by online retail giant Amazon’s growing interest in the pharmacy market.
Amazon has signed a deal to acquire for an undisclosed fee PillPack, a US online pharmacy that “delivers medications in pre-sorted dose packaging, co-ordinates refills and renewals, and makes sure shipments are sent on time”. The agreement – which is subject to regulatory approvals and other customary closing conditions – is expected to close by the end of 2018.
China’s Bio-Thera Solutions has ventured outside of its domestic market for the first time by filing an application for a biosimilar version of Avastin with the European Medicines Agency. The company has also revealed its timeline for a submission to the FDA.