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Hand holding an of a Pillpack personalized shipment.

Amazon to Buy Pillpack for $1 Billion

  • Amazon has announced that they will pay about $1 billion for Pillpack, a Boston-based start-up founded by TJ Parker, a 2012 alum of Massachusetts College of Pharmacy and Health Sciences (MCPHS).

    "We’re thrilled to share that @amazon has agreed to acquire PillPack. Together, we will continue making it easy for customers to save time, simplify their lives, and feel healthier. We’re excited for our future together," the company said on Twitter.

    Pillpack personalizes shipments of medications by sorting prescriptions by dose and delivering them straight to the home.

    The inspiration for the innovative medication management system came from Parker's own experience. A second generation pharmacist, Parker worked with his father, Leon Parker BSP '79, at his drug store in Concord, New Hampshire as a teenager. He delivered medications to people's homes and quickly realized how many patients struggle to manage multiple prescriptions, all with different bottles, instructions, and labels. He even used magic markers to label the bottles for one patient.

    He went on to attend MCPHS and earned his Doctor of Pharmacy degree in 2012. "I started pharmacy school with the vague sense that there was a lot of opportunity to deliver a better experience," said Parker in a 2016 interview with MCPHS.

    Parker founded Pillpack with the goal of simplifying the end-to-end process of managing medications. "We believe that simple, convenient service empowers regular people to take their medications correctly and achieve better overall health," he said in the interview.

    Today, PillPack is licensed to ship prescriptions in 49 states and likely booked more than $100 million in revenue last year

    The acquisition of Pillpack by Amazon comes at a time when the industry is undergoing drastic change, and represents a big move by Amazon to enter - and disrupt - the pharmacy business. In fact, shares of Walgreens Boots Alliance, CVS Health and Rite Aid plunged after the deal by Amazon was announced, while Amazon's stocks rose nearly 2.5 percent, adding more than $19.8 billion in market value.

    Read more

    Amazon's PillPack Acquisition All Started With an MIT Hackathon via Bloomberg

    The full-time six-year Doctor of Pharmacy (PharmD) program at MCPHS–Boston prepares students for exciting and meaningful future careers as pharmacists.