Amazon online marketplace is reported to maintain discussions with mid-market drug store benefit managers and has been hiring talent to determine the drug selling market for its admittance, securities firm Leerink expert Ana Gupte wrote in a note to clients.
We are convinced that AMZN will almost certainly enter the drug syndication value chain within two years, evolving into a more disruptive offering over time, " Gupte said,
Amazon's entry into pharmaceuticals has been long rumored in the media.
On Comes to an end, CNBC reported that the e-commerce giant would determine before Thanksgiving whether to move into selling prescription medications online, citing a company email and a source acquainted with the matter.
Amazon online does not discuss gossip or speculation, a firm speaker said.
Shares of medication retailers Walgreens closed down 5. 8 percent, Ceremony Aid 4. 9 percent and CVS Health 4. 9 percent.
