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The Latest Worst Kept Secret: Amazon’s Move into Pharmacy

“I think Amazon getting into the PBM business (pharmacy benefits management) is a bunch of B.S.,” said Vishnu Lekraj, an analyst with analyst firm Morningstar. “I don’t understand how a company that can ship goods to a consumer can take over every single industry.” According to state pharmaceutical boards, Amazon has received approval for wholesale pharmacy licenses in at least 12 states: Arizona, North Dakota, Nevada, Alabama, New Jersey, Michigan, Louisiana, Connecticut, Idaho, New Hampshire, Tennessee and Oregon, with applications pending in other states. In fact, some of the license types go beyond prescription drugs and include approvals for products and devices that fall under the durable medical products category, such as oxygen and other medical gasses.