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Retail Pharmacies Take Big Hit After Amazon's PillPack Deal

Photo Credit: Mark Lennihan/AP/REX/Shutterstock
June 29, 2018

The day the retail giant announced plans to acquire the online pharmacy company PillPack, competing retail pharmacy companies took a significant blow. Eight companies, including CVS and Rite Aid, dropped $17.5 billion in market cap in just one day.

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