Amazon.com Inc said on 28th June stated that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. Drug retailers CVS Health and Walgreens Boots Alliance plunged 7 percent each in premarket trading. Wholesalers such as AmerisourceBergen, Cardinal Health faced a slowdown in their shares. Which of the following can be inferred from the above information?
Amazon.com Inc said on 28th June stated that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. Drug retailers CVS Health and Walgreens Boots Alliance plunged 7 percent each in premarket trading. Wholesalers such as AmerisourceBergen, Cardinal Health faced a slowdown in their shares. Which of the following can be inferred from the above information? Correct Answer Privately-held PillPack caters to patients who take multiple daily prescriptions and delivers medications in pre-sorted dose packaging and coordinates refills and renewals and will help to expand Amazon’s marketability in medical sector.
The correct answer is option 3, i.e. Privately-held PillPack caters to patients who take multiple daily prescriptions and delivers medications in pre-sorted dose packaging and coordinates refills and renewals and will help to expand Amazon’s marketability in medical sector.
We first make sure to read the statement carefully and then see what immediate inferences can be drawn based on our first reading. The next step is to look at the statements given in the options, analyze them and see if they seem relevant with respect to the information/data provided to us. From the statement, we can infer that Amazon is planning to buy PillPack, a private organization that caters to patients who take multiple daily prescriptions and delivers medications in pre-sorted dose packaging and coordinates refills and renewals and with its buying it will help in expanding Amazon’s reach in the medical sector also and being Amazon, the shares will rise and this might affect the performance of other competitors. In the statement, itself it is stated that the shares of the competitors have gone down thus, we can infer (3) , based on the information provided. Moreover, (2) might also look as an answer choice, but we cannot infer something that is not given. No mention about Walmart has been done in the statement and no data about its plans regarding buying of PillPack is mentioned.
The option closest in meaning to this is option 3. All the other options seem irrelevant with respect to the data provided in the statement.
Hence, the correct answer is option 3.