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Rite Aid Corporation Message Board

  • longbull7 longbull7 Jul 11, 2013 8:13 PM Flag

    NEWS Walgreens agrees to $80 million for violations of Controlled Substances Act PART 1 OF 2

    FOX 31 - DENVER Posted on: 8:22 pm, June 11, 2013

    DENVER — Walgreens has agreed to pay a record $80 million in civil penalties for allegations the pharmacy negligently allowed painkillers to make their way onto the black market.
    The settlement, the largest in the Drug Enforcement Administration’s history, comes after an investigation into a Walgreen distribution center in Jupiter, Florida that received larger than usual orders of the prescription painkiller drugs from six pharmacies in Florida. However, the center didn’t report the activity, as required by the enforcement agency.
    Similar violations were found at Colorado stores.
    According to the Drug Enforcement Agency Denver Office, investigators found over 1,600 violations of the Controlled Substances Act at Walgreens stores in Canon City and Pueblo.
    The violations included stores filling fraudulent prescriptions; filling prescriptions written by a physician with an expired DEA registration; filling prescriptions lacking an address and/or DEA registration number, in violation of DEA regulations; and dispensing controlled substances to customers without a prescription.
    The investigation also uncovered hundreds of examples of inaccurate or incomplete recordkeeping for controlled substances at Walgreens stores located throughout Colorado.
    As a result, three times the average orders for painkillers, such as oxycodone were delivered to the pharmacies. The DEA said the pharmacies knew the drugs were not for legitimate medical use and that there were tens of thousands of violations.
    Oxycodone, a powerful addictive narcotic, is one of the most abused prescription medications in the United States. According to the U.S. Center for Disease Control and Prevention, prescription drug overdose deaths exceeded motor vehicle deaths and deaths from illegal street drugs, such as cocaine, heroin and amphetamines.

    Sentiment: Strong Buy

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