Markets

Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking

Amazon’s launch of its own digital pharmacy on Tuesday sent rival pharmacy stocks reeling, with CVS, Walgreens, and Rite-Aid each falling more than 8%. Amazon first entered the pharmacy business in 2018 with its $US753 million acquisition of PillPack, which signalled to investors that Amazon’s interest in offering prescription medicines […]
Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking
News

Dispensed: Prescribing guidelines at a buzzy men’s health startup, a depression drug moves one step closer to approval, and a leaked letter that’s fuelling a fight over high drug prices

Hello, This week was busy with a big M&A deal for a surgical robotics company and lacklustre results for the super-hot, $US35 billion NASH market. But in between the breaking news, here were the stories that caught our attention this week. New to our weekly newsletter? You can sign up […]
Dispensed: Prescribing guidelines at a buzzy men’s health startup, a depression drug moves one step closer to approval, and a leaked letter that’s fuelling a fight over high drug prices