Home News Drug Suppliers’ Stocks Jump as Amazon Pulls Out of Distribution Market

Drug Suppliers’ Stocks Jump as Amazon Pulls Out of Distribution Market

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Shares for U.S. drug suppliers rose on Monday after a report by CNBC that Amazon is shelving its plan to sell pharmaceuticals to hospitals. The company’s B2B platform, Amazon Business, will focus on selling less sensitive medical supplies due to a reported lack of contracts and infrastructure.

You can read the full report from CNBC’s Eugene Kim and Christina Farr here.