(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc <WBA.O>, CVS Health Corp <CVS.N> and Rite Aid Corp <RAD.N> tumbled on Friday after reports that Inc <AMZN.O> was looking to make a move into selling drugs online.


Amazon is reported to be in discussions with mid-market pharmacy benefit managers and has been hiring talent to assess the drug retailing market for its entry, brokerage firm Leerink analyst Ana Gupte wrote in a note to clients.


"We are convinced that AMZN will almost certainly enter the drug distribution value chain within 2 years, evolving into a more disruptive offering over time," Gupte said.


Amazon's entry into pharmaceuticals has been long rumored in the media.


On Friday, CNBC reported that the e-commerce giant would decide before Thanksgiving whether to move into selling prescription drugs online, citing a company email and a source familiar with the matter. (


Amazon does not comment on rumors or speculation, a company spokeswoman said.

Shares of drug retailers Walgreens closed down 5.8 percent, Rite Aid 4.9 percent and CVS Health 4.9 percent.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)