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Amazon's PillPack Acquisition All Started With an MIT Hackathon

  • Founders started online pharmacy after winning competition
  • Startup was on track to reach $100 million in sales last year
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Amazon Analyst Calls PillPack 'Tip of the Iceberg' in Health Care

Jeff Bezos can thank a hackathon at the Massachusetts Institute of Technology for bringing together the founders of his latest acquisition. TJ Parker and Elliot Cohen founded internet pharmacy PillPack shortly after winning MIT’s Hacking Medicine competition in 2012.

Amazon.com Inc. on Thursday announced it was buying PillPack, which personalizes shipments for people taking multiple medications and streamlines the refill and co-pay process. The acquisition will give the e-commerce giant a nationwide drug network and bring it into direct competition with traditional pharmacy chains including Walgreens Boots Alliance Inc. and CVS Health Corp.