Should Arizona brick-and-mortar drugstore chains beware?
Recently, tech-giant Amazon, obtained approval for wholesale pharmacy licenses in 12 different states.
Acquired from public records, the St. Louis Post-Dispatch discovered that the Seattle based company holds wholesale distribution licenses in Arizona and the following states.
- New Hampshire
- New Jersey
- North Dakota
The licenses could be used to distribute medical equipment and devices as well as drugs. It is still unclear however, if the company can ship these items straight to consumers or if other licensing is necessary.
Rumors have circulated for months that e-commerce “king,” Jeff Bezos, seeks to enter the drug supply chain, but this move into the healthcare industry could be seen as a threat to retail pharmacies like CVS and Walgreens.
Because entering a regulated market is completely new to the company’s usual operations, it’s no surprise the online retail giant is facing mounting uncertainty about how or exactly when it will make its debut into the marketplace, or if it will at all.
Read more about license approval at the St. Louis Post-Dispatch
Find out more about the effects this could have on the prescription-drug market in this article by Bloomberg
Read about possible repercussions in the Chicago Tribune