Costco says cooperating with DEA probe on controlled substances

Reuters

Oct 16 (Reuters) - Costco Wholesale Corp said onWednesday that it will cooperate with the U.S. Drug EnforcementAdministration in its ongoing investigation of prescriptions forcontrolled substances, after receiving subpoenas and warrantsfrom the DEA.

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

The DEA revoked the controlled substance licenses of two CVSCaremark Corp drugstores in Florida in 2012, and earlierthis year Walgreen Co reached a record $80 millionsettlement with the agency to resolve allegations that itsnegligence in record-keeping and dispensing allowed highlyaddictive drugs to reach abusers and be sold illegally.

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

Additional details were not provided, and companyrepresentatives could not be immediately reached for comment.

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