Startup Gets $50 Million in Quest to Build Better Drugstore
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An online pharmacy seeking to unseat CVS and Walgreens raised $50 million, helping fund its plan to improve how drugs are packaged with a simple idea: dividing up customers’ pills by the time and date they should be taken.
PillPack Inc.’s third round of funding was led by Charles River Ventures Inc., the company said in a statement Wednesday. The startup will shake up the pharmacy business the same way Amazon.com Inc. changed retail, said George Zachary, a partner at CRV.