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Amazon's Medtech Retail Plans: Analyst Finds More Evidence

Based on documents obtained by Jefferies, analysts say the view is clearer of Amazon's plans to conquer the medical device supply sector rather than challenging pharmaceutical retailers such as Walgreens and CVS for the time being.

The same market analysts who argued online retail giant [Amazon.com Inc.] is gearing up to dominate the medical device and supplies distribution market say they have found more evidence the company is focused on the device sector rather than pharmaceuticals.

After Amazon reported receiving licenses to sell medical products from a slew of states, stocks for pharmaceutical retailers saw a...

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