LOS ANGELES (AP) — CVS Pharmacy Inc. has agreed to pay $75 million in fines for allowing repeated purchases of a key methamphetamine ingredient that led to a spike in Southern California drug trafficking, federal prosecutors said Thursday.

It was the largest civil penalty under the Controlled Substances Act.

Assistant US Attorney talks with KNX 1070’s Tom Haule and Bob Brill

CVS, the nation’s largest operator of retail pharmacies, will also forfeit about $2.6 million in profits from pseudoephedrine, prosecutors said.

Authorities said CVS didn’t adequately monitor sales of pseudoephedrine, which is found in cold medicine and used to make meth.

They also said the company violated federal drug regulations in at least five states.

CVS Chairman and CEO Thomas Ryan says the company unacceptably breached its policies and has worked to fix the problem.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments (5)
  1. Edward says:

    Uh, CBS, which authorities?

  2. Sandra says:

    Doesn’t surprise me, CVS fired me for one incident, after 3 years no call outs, no write ups. Just your fired! Carma!

  3. Dennis says:

    Maybe, just maybe, if CVS upper management had not reduced payroll hours, as they are famous for, there might have been enough staff to insure this type of mistake was not made?

  4. Pablo says:

    This is so friggin’ ridiculous, it’s not even funny any more. Like how much Advil would you have to buy in order to make enough drugs for a decent profit???? The DEA is just another worthless Guvmint organization that is designed to squash the people with their jack boots.

  5. rh9y says:

    Interesting how they correlated sales of pseudoephedrine by CVS to “a spike in Southern California drug trafficking”. I highly doubt such a connection can be proven and that assuming that there even was a “spike” in the first place. Just what constitutes a “spike”? A 1% increase? 30%?

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