By Gina Shaw
Online retail behemoth Amazon has jumped into the pharmacy business, buying the small online pharmacy startup PillPack for about $1 billion, the company announced. Shares of Walgreens, Rite Aid and CVS Health dropped significantly after the news was announced.
Launched in 2013, PillPack distributes medication in easy-to-use packages, sorted by dose, with labels featuring images of each pill and directions for taking it. The company sorts and groups prescriptions by day and time of