Drug retailers, distributors hit by Amazon's 6-month prescription plan

Altex Industries

08/06/2021 18:16

** Shares of drug retailers and distributors drop as Amazon
 AMZN.O  offers six-month prescriptions starting at $6 for
medications of common health issues through its pharmacy
 urn:newsml:reuters.com:*:nL3N2NQ3IT
    ** Amazon Pharmacy's competitors Walgreens Boots Alliance
 WBA.O , CVS Health  CVS.N  and Walmart  WMT.N  fall between
0.3% to 0.9%
    ** Drug distributors AmerisourceBergen Corp  ABC.N  and
McKesson Corp  MCK.N  down 0.6% and 1.9%, respectively
    ** Amazon shares climb 2%, outperforming the rest of the
FAANG group of stocks

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))