Amazon's Acquisition of PillPack is Harming Traditional Pharmacies

Amazon's acquisition of PillPack is hitting traditional pharmacies.
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Amazon.com 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. 

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