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Amazon to acquire online pharmacy PillPack

Thursday, June 28, 2018, 7:13 PM

Amazon.com Inc said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. Drug retailers CVS Health and Walgreens Boots Alliance plunged 7% each in premarket trading. Shares of drug wholesalers Mckesson Corp, Cardinal Health and AmerisourceBergen were also down. Walmart Inc was looking to buy PillPack for under $1 billion.

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