Amazon’s potential entry into the OTC drug brand arena would deal Perrigo Co. PLC a strong hand, as the firm already with 65% private label market share would be in good position to win a manufacturing deal with the e-commerce giant.
OTC drugs e-commerce still is a relatively small slice of the overall category, Perrigo CEO John Hendrickson says, estimating that online sales account for about 1%-1.5% of overall sales in the category for CVS Health Corp
Still, analysts had numerous questions about comments Hendrickson made on the potential of [Amazon.com Inc.] as a customer on Sept