The inside story of why Amazon bought PillPack to crack the $500 billion prescription market
approaching $500 billion a year
What we know is that Amazon acquired an 800-plus person workforce and a high-growth, very low-margin business that, like a traditional retailer, uses the majority of its revenue to pay for inventory. We also know that Amazon has not only been continuously adding household products to its marketplace, but has also been establishing its own brands for things like batteries, toilet paper, light bulbs and towels.
"Amazon bought the one company in the space that all the PBMs and other pharmacy businesses were threatened by," said, a health-tech investor at Bain Capital Ventures. "The challenge is now they put a stake in the ground and the flag has been planted." The pharmacy business is in Parker's blood. Growing up, his dad owned a pharmacy in Concord, New Hampshire, where the younger Parker personally checked labels on pill bottles and delivered medicines to nursing homes and assisted living facilities.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
The inside story of why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for over $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
और पढो »
Here's why Amazon bought PillPack to crack the $500 billion prescription marketAlmost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
और पढो »
A look inside Amazon's PillPack acquisition almost a year laterLast year, PillPack was on track to more than triple its annual revenue to surpass $1B by 2020 — just 2 years after being acquired by Amazon for $750M.
और पढो »
Online pharmacy PillPack was reportedly on track to make $299 million in revenue when Amazon acquired the company in a $750 million dealAt the time that Amazon acquired PillPack, the company was on track to make $299 million in annual revenue, according to CNBC.
और पढो »
Amazon considers AI-powered doorbell cameras to stop package theftAn Amazon patent application details how doorbell cameras might be used to identify when packages are stolen from doorsteps, and quickly alert neighbors and the police
और पढो »
Amazon holds talks with workers in Poland as strike threatenedAmazon said on Friday it was in talks with employees in Poland after unions thre...
और पढो »
Uber CEO says he's building the next Amazon, even though growth is slowingLike its rival Lyft, Uber CEO Dara Khosrowshahi said he expects 2019 to be the company's peak year for losses.
और पढो »
Inside The World Of Liquidated Amazon MerchandiseWhat happens to unwanted products that are returned to Amazon? There's an unseen world of people ready to buy returned or unsellable inventory, inspect and process it, then ship it right back to be sold on Amazon. That's an opportunity for enterprising individuals—and a headache for brands.
और पढो »
Dream job alert: This 'Amazon for millionaires' site will pay you to live on yachtsDream job alert: This 'Amazon for millionaires' site will pay you to live on yachts (via CNBCMakeIt)
और पढो »
Amazon mistakenly told some sellers that it's now blocking ads with 'religious content'The incident is the latest example of Amazon marketplace sellers getting caught in the crossfire as the company has struggled to manage the sprawling growth of the third-party marketplace, which now accounts for more than half of the company's e-commerce volume.
और पढो »
16 Shows On Amazon Prime That People Can't Stop Talking About16 Underrated Shows On Amazon Prime That Deserve A Good Binge
और पढो »