- Two Amazon.com, Inc (NASDAQ:AMZN) officials instrumental in its health care push departed the company.
- TJ Parker and Elliot Cohen, the co-founders of prescription drug startup PillPack, will leave Amazon at the end of September, CNBC reports citing their LinkedIn profile.
- Parker and Cohen helped launch Amazon Pharmacy, its online pharmacy for delivering prescription medications in the U.S.
- Parker and Cohen served as VPs of pharmacy until recently before shifting to consulting roles.
- Parker and Cohen co-founded PillPack in 2013. Amazon had bought PillPack in 2018 for $750 million.
- Amazon has recently accelerated its push into health care with mixed results.
- Amazon’s pharmacy business struggled to gain traction and recently shared plans to close its telehealth service Amazon Care.
- Google investigated whether the smartphone’s built-in microphone could help detect heart valve disorders early.
- Google also looked to test whether its artificial intelligence software could analyze ultrasound screenings taken by less-skilled technicians.
- Price Action: AMZN shares traded lower by 0.59% at $123.92 in the premarket on the last check Tuesday.
Canaccord Genuity Maintains Hold on HealthStream, Raises Price Target to $26
Canaccord Genuity analyst Richard Close maintains HealthStream (NASDAQ:HSTM) with a Hold and raises the price target from $23 to $26.
