retail news in context, analysis with attitude

The Los Angeles Times reports that CVS Caremark "could face as much as $29 million in fines for allegedly losing track of prescription painkillers at four of its California stores, from which authorities said thousands of pills may have been sold on the black market."

Meanwhile, the story says, "CVS pharmacists in Southern California said they've been instructed by the drugstore chain to get their paperwork in order so that no other prescription meds are found to be missing.

According to the Times, the US Drug Enforcement Administration (DEA) and the California Board of Pharmacy are looking into allegations that "more than 37,000 pills were apparently taken from CVS stores in Modesto, Fairfield, Dixon and Turlock … CVS faces 2,973 possible violations of the federal Controlled Substances Act for alleged discrepancies between the company's records and its inventory of prescription drugs."
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