Amazon's Acquisition of PillPack is Harming Traditional Pharmacies

Amazon's acquisition of PillPack is hitting traditional pharmacies.
Publish date: Inc. (AMZN) - Get Report is taking over the pharmaceutical retail space.

The company announced its acquisition of PillPack, an online pharmacy, on Thursday, June 28.

The acquisition announcement sent pharmaceutical retailers such as Walgreens Boots Alliance Inc. (WBA) - Get Report , Rite Aid Corp. (RAD) - Get Report and CVS Health Corp (CVS) - Get Report into a tailspin. 

Amazon is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AMZN?Learn more now.