We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
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 Month CVS Health Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions