Amazon has lost PillPack founders following the acquisition of the pharmacy startup
September 21, 2022: -Two Amazon executives who play a formative role in the retail giant’s push into health care are departing.
TJ Parker and Elliot Cohen, the co-founders of prescription drug PillPack, will leave Amazon this month, according to a post on Parker’s LinkedIn profile. Amazon is bringing PillPack in 2018 for about $750 million.
After the acquisition, Parker and Cohen helped launch Amazon Pharmacy, the company’s online pharmacy to deliver prescription medications in the U.S. Parker and Cohen are serving as vice presidents of pharmacy until they get transferred to consulting roles, Axios stated.
“I’m writing to let you all know that Elliot and I are moving on from PillPack and Amazon by this month’s end,” Parker noted. “Out of everything, it’s the people we met along the way that joined us on this journey that we remember most fondly, and we’ll miss you all,” Parker said.
Parker and Cohen co-founded PillPack in 2013. PillPack started serving customers in the year 2014, and Parker’s dad joined as one of the company’s first pharmacists.
Amazon has accelerated its push into health care in recent years, though not all of its efforts have been successful. The pharmacy business struggled to gain traction, and Amazon recently announced it would shutter its telehealth service Amazon Care after finding it wasn’t a “complete enough offering” for customers.
In the previous year, a joint venture Amazon had formed with Berkshire Hathaway and JPMorgan Chase to lower healthcare costs disbanded. The entity was called Haven, and its initial expected entry into the healthcare market had sent shares of providers tumbling.
Still, Amazon is investing significant capital and resources in the space. In July, Amazon said it would receive One Medical for $3.9 billion, bringing in a network of boutique primary care clinics. Amazon also operates a consumer diagnostics venture.
Amazon had reshuffled its health leadership before Parker and Cohen’s departure. In the previous December, it was reported that the company elevated its former Prime boss Neil Lindsay to lead its health efforts. John Love, who once served as a vice president in Amazon’s Alexa division, was named vice president of Pharmacy and PillPack in January.
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