The biggest question on the minds of leadership at pharmaceutical companies is 'how do we respond more quickly to this rapidly changing market?' Regulatory requirements are changing constantly, companies need to keep up with the digitization prominent across the industry, and there's mounting pressure for drugs to be delivered more quickly. Now that the Covid-19 vaccine has been delivered to market in 9 months, others are interested in how that is possible.
In an age when your daily wants and needs can be delivered by Amazon, we are a culture of instant gratification. This culture has bled into all walks of life, including our medicine. In June of 2018, Amazon bought PillPack out of Cambridge, MA, for $753 million to crack into the $500 billion dollar prescription market. With this acquisition, customers can get meds delivered to their door with automatic refills and 24/7 customer support.