Jun 29, 2018 - Technology

Amazon deal crushes pharmacy stocks

Top pharmacy stocks were hammered Thursday after Amazon announced plans to purchase online pharmacy startup Pillpack for a reported $1 billion in cash.

The bottom line: Six of America's largest pharmacies lost $15.2 billion in market cap, while Amazon gained $19.6 billion.

Data: Money.net; Chart: Harry Stevens/Axios
Data: Money.net; Chart: Harry Stevens/Axios
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