Retail giant Amazon is selling over-the-counter (OTC) medicines at lower prices than its brick-and-mortar competitors.
“Median prices for over-the-counter, private-brand medicine sold by Walgreens Boots Alliance Inc. and CVS Health Corp. were about 20 percent higher than Basic Care, the over-the-counter drug line sold exclusively by Amazon,” Bloomberg reported, citing a Jefferies Group report by analysts.
The company launched its Basic Care business in August and quickly expanded to offer 65 for nonprescription drugs.
Amazon also recently announced it was acquiring online pharmacy PillPack, its first foray into potentially becoming a prescription drug distributor.
Read the full at Bloomberg at the link below:
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."