techkenyot.com
techkenyot.com November 18, 2018


Amazon acquires pharmacy startup PillPack; purchase price thought to be near $1b

28 June 2018, 08:40 | Silvia Roy

PillPack prepackages and mails consumers pills. Pat Greenhouse The Boston Globe

PillPack prepackages and mails consumers pills.									Pat Greenhouse  The Boston Globe

"PillPack is meaningfully improving its customers' lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier". "Anyone who takes several prescription pills a day should look into it".

Terms were not disclosed on the deal for PillPack, an online pharmacy which operates in all 50 USA states and offers pre-sorted dose packaging and home delivery.

The move comes amid speculation that Amazon was planning to get into the pharmacy or drug-distribution business.

USA and Russian presidents plan summit
Since coming to power a year ago , Trump has sought to improve relations with Putin amid tensions between Moscow and the West. Reports have suggested, however, that Trump agrees with Moscow's position that Crimea should belong to Russian Federation .

Of course, Amazon is in the midst of developing a joint healthcare venture in partnership with the CEOs of Berkshire Hathaway and JP Morgan Chase.

Amazon's purchase of an online chemist that opens an immediate nationwide drug network in the United States has shaved billions off the value of three major pharmacy chains.

Walgreens Boots Alliance's third-quarter profit beat analysts' expectations on Thursday, benefiting from its acquisition of Rite Aid stores, and the drugstore chain authorized a $10 billion share buyback program.

India vs Ireland, 1st T20I: Everything you need to know
Catch live score and updates from India vs Ireland in the first T20 at the Malahide Cricket Ground. There was a muted reception for Raina when he walked into bat, but uproar when Dhoni was next in.

"PillPack's visionary team has a combination of deep pharmacy experience and a focus on technology", Amazon CEO of Worldwide Consumer Jeff Wilke said in a statement. Walgreens stock was down 9.46% in pre-market trading. Shares of drug wholesalers Mckesson Corp, Cardinal Health and AmerisourceBergen were also down.

He added this "is only the first play" in an increasingly aggressive strategy by Amazon for a much more significant role in pharmacy.

An aging population means we'll see an increase in health concerns and chronic conditions like heart disease, neurodegenerative diseases, and cancer that can be costly to manage.

Google Home speakers complain of 'glitch'
Google also independently confirmed with TechCrunch that the problem is real, but didn't offer any kind of explanation as to why. Google says that it's got a fix for the Google Home and Chromecast issue that'll roll out to devices over the next six hours.

"At this juncture we are not anxious about Amazon's entrance into the prescription market", Cantor Fitzgerald analyst Steven Halper said in a note. Once the deal closes, Amazon could potentially start selling prescription drugs directly through its site, delivering them via mail and impacting retail pharmacies.



Other News

Trending Now

Jesus Gallardo's yellow card for Mexico fastest in World Cup history
Sweden started off the second half on a brighter note as they shot themselves into the lead in the five minutes after the restart. Next up, Mexico could be facing Brazil in the round of 16 if the South Americans win Group E.

Japan, Senegal share the points in draw
After the game was over, the Japanese and Senegalese fans - equipped with blue trash bags - joined forces to clean the stadium. Japan sacked their coach just two months before the World Cup, throwing their preparations for Russian Federation into chaos.

Pelosi on Ocasio-Cortez's win: They made a choice in 1 district
The triumph of a 28-year-old socialist against one of the top figures in the Democratic party should be a wakeup call. Over the weekend she visited the border to protest Trump administration immigration policy and enforcement.

Germany face South Korea in World Cup crunch game
We round up Wednesday's talking points from Russian Federation as Germany crash out, Mexico survive and South Korea celebrate. Sweden won the group with a 3-0 win over Mexico at the same time, which meant Germany needed to win their game in Kazan .

Five takeaways from Recep Tayyip Erdogan’s Presidential win in Turkey
On Monday, Russian President Vladimir Putin was one of the first world leaders to congratulate Erdogan on his victory. Mr Erdogan's ruling Justice and Development Party, or AKP, was also hoping to retain its majority in parliament.

What Ocasio-Cortez’s Win Says About the Rise of the Left
House of Representatives minority leader, and some fellow Democrats dismissed the notion that the party's identity was at stake. She took no corporate donations. "It's not about me", Crowley, 56, told his supporters at a campaign party following his loss .

Cent Slammed For Mocking Terry Crews' Alleged Sexual Assault
One of those individuals affected is established an actor and highly recognizable face within the fitness industry, Terry Crews . TMZ caught up with Crews after 50 Cent's post went live, but the athlete-turned-actor took the high road when asked for comment.

Wi-Fi Alliance launches WPA3 standard
Since the devastating KRACK vulnerability was discovered in WPA2, it was reported that the Wi-Fi Alliance was working on WPA3. Like its predecessor, WPA3 will operate in Personal mode for consumer applications and Enterprise mode for businesses.

Telltale Games To Scrap Old Engine
Telltale Stranger Things will allegedly be the first of their games to appear on Unity but has no current release date. The Walking Dead: The Final Season will arrive in August and that's when we can finally say goodbye to Telltale Tool.

Space: Strawberry Full Moon On June 9, 2017
It's not as bright as other planets, but it actually has a bit of a golden glow, which makes it hard to identify sometimes. The moon had moved 81 miles closer to Earth, compared to the actual moment of apogee the previous night.