Amazon to launch Amazon Pharmacy, it’s own online pharmacy store starting today (11/17/20). $AMZN stock is up 2% in pre-market. Amazon is offering discounts and free two day shipping to it’s prime customers.
This move also pushed down the stocks of traditional stores such as CVS, Walgreens, RiteAid, etc. GoodRx, discount prescription company shares plunged in pre-market. Amazon bought PillPack — an one drug prescription company — a year ago for about $750million.