Amazon loses PillPack founders 4 years after acquisition

With Amazon Pharmacy, Prime prospects in the US can get their prescription drugs shipped to their residence free of charge.

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Two Amazon executives who performed a formative function within the retail big’s push into well being care are departing.

TJ Parker and Elliot Cohen, the co-founders of prescription drug startup PillPack, will go away Amazon on the finish of this month, in response to a publish on Parker’s LinkedIn profile. Amazon bought PillPack in 2018 for about $750 million.

After the acquisition, Parker and Cohen helped steer the launch of Amazon Pharmacy, the corporate’s on-line pharmacy for delivering prescription drugs within the U.S. Each Parker and Cohen served as vice presidents of pharmacy up till not too long ago, after they had been shifted to consulting roles, Axios reported.

“I am writing to allow you to all know that Elliot and I are transferring on from PillPack and Amazon on the finish of the month,” Parker wrote. “Out of every part, it is the people who we met alongside the best way and that joined us on this journey that we’ll keep in mind most fondly, and we’ll miss you all.”

Parker and Cohen co-founded PillPack in 2013. Parker, who’s dad was a pharmacist, attended pharmacy faculty in Boston. He met Cohen, who was in enterprise faculty at MIT. PillPack began serving prospects in 2014, and Parker’s dad joined as one of many firm’s first pharmacists.

Amazon has accelerated its push into well being care lately, although not all of its efforts have been profitable. The pharmacy enterprise struggled to realize traction, and Amazon not too long ago announced it could shutter its telehealth service Amazon Care after discovering it wasn’t a “full sufficient providing” for purchasers.

Early final 12 months, a three way partnership Amazon had shaped with Berkshire Hathaway and JPMorgan Chase to decrease health-care prices disbanded. The entity was known as Haven, and its preliminary anticipated entry into the health-care market had despatched shares of suppliers tumbling.

Nonetheless, Amazon is investing important capital and assets within the area. In July, Amazon said it could purchase One Medical for $3.9 billion, bringing in a community of boutique main care clinics. Amazon additionally operates a shopper diagnostics enterprise.

Amazon had reshuffled its well being management previous to Parker and Cohen’s departure. Final December, CNBC reported the corporate elevated its former Prime boss Neil Lindsay to supervise its well being efforts. John Love, who beforehand served as a vp in Amazon’s Alexa division, was named vp of Pharmacy and PillPack in January.

In a memo to the well being providers staff on Monday, Lindsay known as the departure of Parker and Cohen “bittersweet” and thanked the PillPack founders for serving to develop the technique “to assist enhance the client well being care expertise.”

“Pushed by their imaginative and prescient and buyer obsession, the PillPack enterprise and capabilities grew to become the inspiration of Amazon Pharmacy,” Lindsay wrote.

WATCH: Amazon launches online pharmacy in the United States

Amazon launches online pharmacy in the United States

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