Updates on Walgreens Boots Alliance Inc NASDAQ: WBA – Amazon buys PillPack

Retail and pharmacy and drug distributor stocks are hit this week after Amazon’s announced acquisition of online pharmacy startup PillPack.  PillPack delivers medications in pre-sorted dose packaging plus handles refills and renewals. Walgreens Boots (NASDAQ: WBA) was down about 10% at about $60, CVS Health Corporation (NYSE: CVS) was down about 10%,  Cardinal Health (NYSE: CAH) was down about 7% and AmerisourceBergen Corporation (NYSE: ABC) was down about 5%.

The earnings impact to WBA from the Amazon’s acquisition of PillPack will be immaterial but Amazon will successfully integrate PillPack into its consumer offering in another 1-2 years will impact WBA’s long term earnings.

 

Be the first to comment

Leave a Reply

Your email address will not be published.


*