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


7 July 2018 - Basic Care drugs are cheaper than CVS, Walgreens store brands.

As pharmacy chains await'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 and CVS Health were about 20% higher than Basic Care, the over-the-counter drug line sold exclusively by Amazon, according to a report Friday by Jefferies Group analysts.

Read Bloomberg article

Michael Wonder

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Michael Wonder

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Medicine , US , Pricing , Over the counter