ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

CVS CVS Health Corporation

67.24
-0.09 (-0.13%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CVS Health Corporation NYSE:CVS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.09 -0.13% 67.24 67.42 66.75 67.21 6,396,440 01:00:00

CVS to Pay $22 Million to Settle Florida Painkiller Case

13/05/2015 5:56pm

Dow Jones News


CVS Health (NYSE:CVS)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more CVS Health Charts.
By Chelsey Dulaney 

CVS Health Corp. disclosed Wednesday that it will pay $22 million to settle a years-old fight with the federal government over alleged misuse of addictive prescription painkillers in Florida.

The settlement resolves all civil matters between CVS and the U.S. Drug Enforcement Administration and state of Florida, the company said in a regulatory filing. CVS said the payment was accrued for in previous fiscal periods.

In 2012, the federal government alleged that CVS and Cardinal Health Inc. were aware of high-volume orders of prescription painkiller oxycodone shipped to two pharmacies in Florida.

In court papers at the time, the DEA charged that CVS and its wholesale supplier, Cardinal, didn't thoroughly investigate the sharply higher sales of the powerful drug.

The closely watched case probed how much responsibility companies bear for a growing drug-abuse problem.

The DEA revoked the controlled-substance registrations of the two Florida CVS pharmacies at the center of the fight.

In a statement, CVS said it has since enhanced its policies for filling controlled-substance prescriptions.

"CVS Health...is dedicated to reducing prescription drug abuse and diversion while ensuring access to appropriate, effective pain medication for patients with a legitimate need," the company said.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

Access Investor Kit for CVS Group Plc

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=GB00B2863827

Access Investor Kit for CVS Caremark Corp.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US1266501006

Access Investor Kit for Cardinal Health, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US14149Y1082

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year CVS Health Chart

1 Year CVS Health Chart

1 Month CVS Health Chart

1 Month CVS Health Chart

Your Recent History

Delayed Upgrade Clock