Jump to content
  • Recently Browsing   0 members

    No registered users viewing this page.

Brother Will

Walgreens, CVS And Rite-Aid Lose $11 Billion In Value After Amazon Buys Online Pharmacy PillPack

Recommended Posts

Walgreens, CVS and Rite-Aid lose $11 billion in value

after Amazon buys online pharmacy PillPack:

  • Shares of Walgreens Boots Alliance, CVS Health and Rite Aid plunge as investors worry a new deal by Amazon to acquire online pharmacy PillPack will disrupt the drugstore market.
  • PillPack is licensed to ship prescriptions in 49 states and likely booked more than $100 million in revenue last year.
  • The three pharmacy stocks collectively lost $11 billion in market value on Thursday alone.


Published 8:43 AM ET Thu, 28 June 2018  Updated 5:22 PM ET Thu, 28 June 2018/CNBC.com


More Below:

Nobody Did Anything Wrong Or Illegal/Here's Your URL:




Share this post

Link to post
Share on other sites