The headlines screamed out that Amazon had applied for licenses to start selling pharmaceutical products over the Internet in a number of states. If one did not understand the magnitude of this, they could be forgiven. After all, why is it that we are supposed to care about what a particular company does in terms of licensing? The answer is because it could impact the entire pharmaceutical industry.
Amazon is obviously the company that people turn to for just about anything that they could want to order online. They have taken over the Internet as the leading place to go to when it comes to commerce. However, they have increasingly been diversifying into other industries as well. Their recent purchase of Whole Foods was among their biggest ventures into other fields. They have not slowed down since then. Click Here for additional information.
The Whole Foods purchase was a big moment in the grocery retail industry. It signaled that new players might come into being in that industry. A lot of the previous industry leaders such as Kroger took a big hit to their share price when this all happened. It meant that other companies started to worry about what could happen if Amazon entered their niche market.
Drew Madden has watched Amazon enter the pharmaceuticals space with some fascination. Drew Madden is a healthcare IT entrepreneur who is always looking for new ways to innovate within the industry. He loves to push the best ideas to the forefront no matter what that looks like. For Drew Madden, it is a matter of getting things done just right.
It is curious that this battle between Amazon and CVS could actually bring about more innovation from both companies. CVS has already purchased a healthcare insurance company by the name Aetna. That was their countermove to what Amazon had done. It means that CVS is not just your local pharmacy anymore, but they just might be your healthcare insurance provider as well. If that is the case for you, then you have already seen what some innovation has done to the healthcare industry, and you may experience more of it as these two continue to do battle.