Member access

4-Traders Homepage  >  Shares  >  Nyse  >  CVS Caremark Corporation    CVS   US1266501006

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Court Rules Two CVS Florida Pharmacies Can't Ship Pain Pills

03/22/2012 | 05:59pm US/Eastern
Recommend:
0
   By John Kell 
   Of  
 

A U.S. appeals court said two CVS Caremark Corp. (>> CVS Caremark Corporation) pharmacies in Florida cannot fill prescriptions for certain controlled drugs related to a Drug Enforcement Administration move to halt such sales.

The decision lifted a temporary, administrative stay that was granted to CVS earlier this month, at the time allowing the pharmacies to keep dispensing controlled medications after an appeals court denied the chain's request for preliminary injunction.

The case stems from DEA action that was taken last month against two Sanford, Fla., CVS stores that were alleged to be among four pharmacy customers of drug distributor Cardinal Health Inc. (CAH) that dispensed the pain drug oxycodone based on bad prescriptions.

The U.S. Court of Appeals for the District of Columbia Circuit on Thursday ruled CVS had "not satisfied the stringent requirements for a stay pending appeal." The decision comes roughly a week after an appeals court said a Cardinal Health distribution hub in Florida can't ship prescription painkillers.

In a prepared statement, CVS said it was "disappointed with today's ruling by the court," saying the company had taken actions that have substantially reduced the amount of oxycodone dispensed at the two Florida pharmacies.

"We remain committed to working with the DEA to do everything we can to reduce prescription drug abuse," CVS said.

-By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

-Jon Kamp and Timothy Martin of The Wall Street Journal contributed to this article

Stocks mentioned in the article : CVS Caremark Corporation
Recommend :
0
React to this article
Latest news on CVS CAREMARK CORPORATION
17h ago CVS CAREMARK : Easter Seals and CVS Caremark Celebrate Week of the Young
1d ago CVS CAREMARK : To Hold First Quarter 2014 Conference Call
1d ago CVS CAREMARK : MinuteClinic Reaches 20 Million Patient Visits
2d ago CVS CAREMARK : New "Bill Pay at CVS/pharmacy®" Service Will Provide Customers Co..
6d ago CVS CAREMARK CORPORATION : ex-dividend day
7d ago CVS CAREMARK : Reports Traditional Drug Trend Increased by Just 0.8 Percent in 2..
04/14 CVS CAREMARK : Support National Public Health Week and Build Healthier Communiti..
04/14 CVS CAREMARK : Easter Seals and CVS Caremark Celebrate Week of the Young
04/13 CVS CAREMARK : Wake Forest School of Business to Partner with CVS Caremark
04/12 CVS CAREMARK : American Cancer Society Applauds CVS Caremark's Decision to Halt ..
Advertisement
Chart
Duration : Period :
CVS Caremark Corporation Technical Analysis Chart | CVS | US1266501006 | 4-Traders
Income Statement Evolution
CVS Caremark Corporation : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF