Amazon loses PillPack founders four years after acquisition

With Amazon Pharmacy, Prime prospects within the United States can get their prescription medicines shipped to their house without cost.

Amazon

Two Amazon executives who performed a formative position within the retail large’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 line with a publish on Parker’s LinkedIn profile. Amazon purchased 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 medicines within the U.S. Both Parker and Cohen served as vice presidents of pharmacy up till lately, once they have been shifted to consulting roles, Axios reported.

“I’m writing to let you all know that Elliot and I are moving on from PillPack and Amazon at the end of the month,” Parker wrote. “Out of everything, it’s the people that we met along the way and that joined us on this journey that we’ll remember most fondly, and we’ll miss you all.”

Parker and Cohen co-founded PillPack in 2013. Parker, whose 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 in latest years, although not all of its efforts have been profitable. The pharmacy enterprise struggled to realize traction, and Amazon lately introduced it might shutter its telehealth service Amazon Care after discovering it wasn’t a “complete enough offering” for patrons.

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.

Still, Amazon is investing vital capital and sources within the area. In July, Amazon stated it might purchase One Medical for $3.9 billion, bringing in a community of boutique major care clinics. Amazon additionally operates a client diagnostics enterprise.

Amazon had reshuffled its well being management previous to Parker and Cohen’s departure. Last 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 companies crew on Monday, Lindsay known as the departure of Parker and Cohen “bittersweet” and thanked the PillPack founders for serving to develop the technique “to help improve the customer health care experience.”

“Driven by their vision and customer obsession, the PillPack business and capabilities became the foundation of Amazon Pharmacy,” Lindsay wrote.

WATCH: Amazon launches on-line pharmacy within the United States

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