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Amazon loses PillPack founders four years after acquisition


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Two Amazon executives who played a defining role in the retail giant’s push into healthcare are leaving.

TJ Parker and Elliot Cohen, the co-founders of prescription drug startup PillPack, are leaving Amazon later this month, according to a post on Parker. LinkedIn Profile. Amazon bought PillPack in 2018 for about $750 million.

Following the acquisition, Parker and Cohen helped direct the launch Amazon pharmacythe company’s online pharmacy for prescription drug delivery in the U.S. Both Parker and Cohen were pharmacy vice presidents until recently, when they were moved into consulting roles, Axios reported.

“I am writing to let you all know that Elliot and I will be moving from PillPack and Amazon at the end of the month,” Parker wrote. “Of all things, it is the people we have met along the way and have joined us on this journey that we will cherish most dearly and we will all remember. friend.”

Parker and Cohen co-founded PillPack in 2013. Parker, the father of a pharmacist, attended pharmacy school in Boston. He met Cohen, who was attending business school at MIT. PillPack started serving customers in 2014 and Parker’s father joined as one of the company’s first pharmacists.

Amazon has accelerated its push into healthcare in recent years, though not all of its efforts have been successful. The pharmaceutical business has struggled to gain traction and Amazon lately announced they will shut down Amazon Care telehealth after finding it’s not a “complete enough offering” for customers.

Early last year, a joint venture Amazon formed with Berkshire Hathaway and JPMorgan Chasee to reduce healthcare costs disbanded. The organization is called Haven, and its initially expected entry into the healthcare market sent providers’ shares plunging.

However, Amazon is investing significant capital and resources into the space. In July, Amazon speak it will acquire One Medical for $3.9 billion, providing a network of boutique primary care clinics. Amazon also runs a consumer diagnostics venture.

Amazon reshuffled its health leadership before Parker and Cohen left. Last December, CNBC reported The company has appointed its former boss Neil Lindsay to oversee its wellness efforts. John Love, who previously served as vice president of Amazon’s Alexa division, was named vice president of Pharmacy and PillPack in January.

In a memo sent to the health services team on Monday, Lindsay called Parker and Cohen’s departures “mixed bittersweet” and thanked the PillPack founders for helping develop the strategy “to help improve customer’s healthcare experience.”

“Driven by a customer vision and obsession, PillPack’s business and capabilities have become the foundation of Amazon Pharmacy,” Lindsay wrote.

CLOCK: Amazon launches online pharmacy in US

Amazon launches online pharmacy in US



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