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Stock impact report

RxSafe Provides Answers in Wake of Amazon/PillPack

Rite Aid Corporation (RAD) 
Last rite aid corporation earnings: 4/16 07:00 am Check Earnings Report
US:NYSE Investor Relations: riteaid.com/corporate/investor-relations
Company Research Source: PR Web
SAN DIEGO (PRWEB) July 13, 2018 Amazon rocked the pharmacy world in a big way last month with the announcement of its estimated $1 billion acquisition of PillPack, a 5-year-old company that made a name for itself with pre-sorted medication dose packaging delivered directly to patients' homes. The news, which broke June 28, sent pharmacy stocks tumbling, with shares of CVS, Walgreens and Rite Aid losing a combined $11 billion of market value in same-day trading. Spokespeople for the retail drug chains mostly downplayed the deal. So how does the Amazon/PillPack deal impact independent community pharmacies? William Homes, Founder and CEO of RxSafe, said he sees three major takeaways from Amazon's move."First, patients aren't exactly in love with mail order pharmacy," Holmes said. "Despite decades of mail-order prescription availability, most patients still get their medication from a local pharmacy. Plus, mail delivery presents the risk of delay and theft, as well as potential exposure Show less Read more
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