BUZZ-Walgreens falls after Lilly picks Amazon to deliver Zepbound, other drugs

Reuters
2024.03.13 11:56
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Shares of Walgreens Boots Alliancefell 1.13% after Eli Lillypartnered with Amazon.com’spharmacy unit to deliver drug prescriptions sent to its direct-to-consumer website, LillyDirect. The collaboration allows patients to obtain their medications, including the weight-loss medicine Zepbound, directly from Lilly through online pharmacy Truepill. Prescriptions will be delivered by either Amazon Pharmacy or Truepill based on insurance coverage. WBA shares are down ~19% YTD.

** Shares of U.S. pharmacy chain operator Walgreens Boots Alliance (WBA.O) fall 1.13% to $21.04 premarket

** Eli Lilly (LLY.N) has partnered with Amazon.com’s (AMZN.O) pharmacy unit to deliver drug prescriptions sent to its direct-to-consumer website, LillyDirect

** Lilly launched LillyDirect in January to enable patients to obtain their migraine, diabetes and obesity drugs, including the popular weight-loss medicine Zepbound, directly from the company through online pharmacy Truepill

** Prescriptions sent to LillyDirect Pharmacy Solutions would now be delivered by either Amazon Pharmacy or Truepill, depending on the patient’s insurance coverage and other factors

** As of last close, WBA shares were down ~19% YTD

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