- Joined
- Aug 20, 2006
- Messages
- 13,000
Amazon will decide before Thanksgiving whether to move into selling prescription drugs online, according to an email from Amazon viewed by CNBC and a source familiar with the situation. If it decides to make that move, it will start expanding its senior team with drug supply chain experts.
Amazon typically spends years researching opportunities before it telegraphs its intentions. The opportunity to sell drugs online is alluring given its market size -- analysts have estimated the US prescription drug market at $560 billion per year. Amazon is well aware of the complexities, say sources familiar with the company's thinking. In the past year, Amazon has ramped up its hiring and consulted with dozens of people about a potential move into the pharmacy market.
Amazon typically spends years researching opportunities before it telegraphs its intentions. The opportunity to sell drugs online is alluring given its market size -- analysts have estimated the US prescription drug market at $560 billion per year. Amazon is well aware of the complexities, say sources familiar with the company's thinking. In the past year, Amazon has ramped up its hiring and consulted with dozens of people about a potential move into the pharmacy market.