By: Michael White Both Quest and Lab Corp have now reported earnings and have traded off significantly. Quest was off 8.3% Tuesday on a top-line revenue miss of 2% versus the street. LabCorp traded off 2% in sympathy Tuesday before reporting an earnings beat (revenue and EPS) Wednesday before trading off another 5% bringing the…
By: Michael White Another piece to the puzzle relating to Amazon’s plans for the healthcare space fell into place today with the announcement that Amazon was acquiring an online pharmacy, PillPack, for ~$1 billion. The online pharmacy sorts prescriptions by dosage and ships the medications to consumers that are managing multiple prescriptions. The acquisition of…