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Amazon eyes lucrative pharmacy push in latest diversification drive

on May 30, 2017 | 0 comments

By John Glenday

Amazon’s pursuit of retail omniscience has accelerated with the online platform looking to diversify from books, entertainment and consumer products into the lucrative pharmaceuticals sector.

Drawn by the prospect of winning a significant slice of a prescriptions industry, valued at $300bn in the US in 2015, Amazon hopes its strategy will be just the tonic to maintain growth momentum going forward.

The retailers intent was divined from a job advert posted earlier this month for a ‘pharmacies market general manager’ to take it one-step closer toward its goal of being ‘the place to find and buy anything online’.

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Source: The Drum