PillPack Founders to Get $100 Million in Amazon Deal

TJ Parker, 32, Elliot Cohen, 35, founded the startup in 2013
Amazon is paying about $1 billion for internet pharmacy

Amazon jumps into the U.S. market for prescription drugs buying PillPack. Bloomberg’s Emma Chandra reports.Source: Bloomberg)

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By Robert Langreth and Julie Verhage

June 29, 2018 at 4:25 PM UTC

This article is for subscribers only.

The two co-founders of PillPack are set to get about $100 million each in the startup pharmacy’s sale to Amazon.com Inc.

TJ Parker, a second-generation pharmacist and the company’s chief executive officer, and Elliot Cohen, a computer scientist and the chief technology officer, each own roughly 10 percent of the online prescription drug retailer, a person familiar with the matter said. Amazon is paying about $1 billion for the Boston-area based firm, in a bold move to get into the more than $300 billion-a-year U.S. pharmacy market. The online retail giant outbid rival Walmart Inc. to win PillPack, Bloomberg reported on Thursday.