jueves, 20 de junio de 2019

Court documents reveal Amazon strategy for shaking up U.S. drug business

Morning Rounds
Shraddha Chakradhar

Court documents reveal Amazon strategy for shaking up U.S. drug business

Amazon is looking to work directly with health plans and employers to sell prescription drugs, a move that could potentially shake up how medicines are sold and distributed in the U.S. The tech giant’s ambitions were revealed yesterday in newly surfaced court documents from a lawsuit filed by CVS to prevent one of its former executives from taking a job at PillPack, an Amazon subsidiary. According to the suit, Amazon-PillPack would essentially become its own pharmacy benefit manager, cutting out Express Scripts, CVS, and Optum, which currently control about 80% of the market. Though it remains to be seen how Amazon-PillPack will ultimately use its distribution reach and what types of deals it may strike with health plans and employers. More for STAT Plus subscribers here.

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