Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Walgreens Boots Alliance Inc       US9314221097

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Costco says cooperating with DEA probe on controlled substances

10/16/2013 | 07:05pm US/Eastern

(Reuters) - Costco Wholesale Corp (>> Costco Wholesale Corporation) said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.

(Reuters) - Costco Wholesale Corp (>> Costco Wholesale Corporation) said on Wednesday that it will cooperate with the U.S. Drug Enforcement Administration in its ongoing investigation of prescriptions for controlled substances, after receiving subpoenas and warrants from the DEA.

The DEA has targeted large pharmacy chains and distributors to stem the flow of prescription drugs where abuse is suspected.

The DEA revoked the controlled substance licenses of two CVS Caremark Corp (>> CVS Caremark Corporation) drugstores in Florida in 2012, and earlier this year Walgreen Co (>> Walgreen Company) reached a record $80 million settlement with the agency to resolve allegations that its negligence in record-keeping and dispensing allowed highly addictive drugs to reach abusers and be sold illegally.

Costco announced its plans to cooperate with the DEA's subpoenas and administrative inspection warrants in a filing with the U.S. Securities and Exchange Commission on Wednesday. It said the matter concerned its "fulfillment of prescriptions related to controlled substances and related practices."

Additional details were not provided, and company representatives declined to comment beyond what was included in the regulatory filing.

(Reporting by Jessica Wohl in Chicago; Editing by Leslie Adler and Bob Burgdorfer)

React to this article
Latest news on WALGREENS BOOTS ALLIANCE I
03/25 WALGREENS BOOTS ALLIANCE : Talks to fix Wyoming landslide move slowly as ground ..
03/20 After Target wage hike, labor groups turn to drugstore chains
03/18 Target to lift minimum wage to $9 an hour, matching rivals
03/18DJJana Partners Sells 20% Stake To Neuberger Business--2nd Update
03/17 WALGREENS BOOTS ALLIANCE : Flu Season Hits Hardest in Oklahoma, Texas as Walgree..
03/16 WALGREENS BOOTS ALLIANCE : Announces Upcoming Investor Events
03/13 WALGREENS BOOTS ALLIANCE : Boots makes pledge to uk
03/13 WALGREENS BOOTS ALLIANCE : Boots makes pledge to uk
03/11 WALGREENS BOOTS ALLIANCE : Boots UK Pledges 350 Apprenticeships in New Healthcar..
03/10 WALGREENS BOOTS ALLIANCE : Harwood Feffer LLP : Announces Investigation of Walgr..
Advertisement
Chart
Duration : Period :
Walgreens Boots Alliance I Technical Analysis Chart | US9314221097 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF