GoodRx CEO Says There's Some Misunderstanding Of Amazon's Pharmacy Offering

Loading...
Loading...

GoodRx GDRX CEO Doug Hirsch made an appearance on CNBC to discuss Amazon's AMZN new Pharmacy segment amongst other topics.

"I think there's some misunderstanding of Amazon's Pharmacy offering. They're offering one discount card while GoodRx offers thousands of discount programs," said Hirsch.

GoodRx also has lower prices than Amazon's Pharmacy 90% of the time, according to Hirsch.

Although the pandemic has more people getting things shipped to them, Hirsch said that growth didn't translate over to prescriptions.

"Mail is only 5% of prescriptions and hasn't grown, even during the pandemic," said Hirsch.

Market News and Data brought to you by Benzinga APIs
Posted In: Health CareMediaGeneralCNBCDoug Hirsch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...