Amerisource CEO Doubts Amazon will be a "Significant Force" in Drug Industry
Amazon is moving into the drug distribution business, but one of the world’s largest prescription pill distributors doesn’t feel threatened.
Speaking with Fortune, AmerisourceBergen CEO Steven Collis says he’s not worried about Amazon’s recent purchase of PillPack, the online pharmacy company. “I suspect it’s going to be a very, very long term before this could be a really significant force,” he says. AmerisourceBergen (ABC) is a powerful player in the huge pharmaceutical industry. The Pennsylvania-based wholesaler, sells generic and brand-name drugs to a wide variety of healthcare providers. With revenues of $153 billion it is the 12th largest company on the Fortune 500.
For the full article, visit Forbes.