You are here: Home » Reuters » News
Business Standard

Drug suppliers' shares rise as looming Amazon threat appears to ease


By Manas Mishra(Reuters) - Shares of U.S. drug suppliers rose on Monday after a report that Inc had dropped plans to sell drugs to hospitals, in a boost to a pharmaceutical supply chain rattled by the looming threat of competition from the online retailer.Stocks of drug distributors McKesson , AmerisourceBergen and Cardinal Health rose 2 to 3 percent, while drugstore chains Walgreens Boots Alliance and CVS Health each advanced about 5 percent.Healthcare investors expect Amazon will become a major force in the industry, fuelled by recent media reports that the Seattle-based ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 17 2018. 01:30 IST