Amazon is already undercutting prices on over-the-counter pills

AMAZON.COM is already putting pricing pressure on retail pharmacy store-brand medications at CVS Health and Walgreens, competition that will only intensify as the online giant integrates its recent purchase of PillPack. / BLOOMBERG NEWS FILE PHOTO/SARA HYLTON
AMAZON.COM is already putting pricing pressure on retail pharmacy store-brand medications at CVS Health and Walgreens, competition that will only intensify as the online giant integrates its recent purchase of PillPack. / BLOOMBERG NEWS FILE PHOTO/SARA HYLTON
NEW YORK – As pharmacy chains await Amazon.com Inc.’s entry into the prescription-drug market, the online retail giant is already undercutting them for non-prescription medicine for aches, colds and allergies. Median prices for over-the-counter, private-brand medicine sold by Walgreens Boots Alliance Inc. and CVS Health Corp. were about 20 percent higher than Basic Care, the…

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