Amazon paid $753 million for PillPack, which will become a business unit of the e-commerce giant. The deal was finalized Sept. 11.
The SEC filing says Amazon acquired Pillpack “for cash consideration of approximately 753 million, net of cash acquired, to expand our product and service offerings.” Depending on the cash on hand PillPack had, this could bring the total value to around $1 billion, like previously reported.
Read the SEC filing here.
More articles on pharmacy:
Drug take back day is Oct. 27: 5 things to know
Amgen cuts list price of $14K-a-year cholesterol drug nearly 60%
Trump’s plan to lower prescription drug prices: 7 takeaways
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit