October 6, 2017 / 7:20 PM / Updated an hour ago

Amazon eyeing prescription drug business -CNBC

FILE PHOTO: The logo of the web service Amazon is pictured in Mexico City, Mexico on June 8, 2017. REUTERS/Carlos Jasso/Illustration/File Photo

(Reuters) - Amazon.com Inc (AMZN.O) is in the final stages of deciding a strategy to get into the prescription drug market, CNBC reported on Friday, citing an email from the company and a source familiar with the matter.

Amazon will decide before Thanksgiving whether to move into selling prescription drugs online, CNBC reported.

Shares of drug retailers including Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on the news. cnb.cx/2hTIxvL

Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva

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