ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAH Stock Price » CAH Stock News

Cardinal Health Share News

 Cardinal Health, Inc. Stock Price
CAH Stock Price
 Cardinal Health, Inc. Stock Chart
CAH Stock Chart
 Cardinal Health, Inc. Stock News
CAH Stock News
 Cardinal Health, Inc. Company Information
CAH Company Information
 Cardinal Health, Inc. Stock Trades
CAH Stock Trades

Cardinal Health Protests DEA Suspension For Florida Facility

By Jon Kamp Of DOW JONES NEWSWIRES Cardinal Health Inc. (CAH) said Friday that the Drug Enforcement Agency has suspended the drug wholesaler's license to distribute controlled medicines such as pain drugs from a Florida facility, but that the company is asking a federal court to block the DEA's efforts. The agency alleges four of Cardinal's retail pharmacy customers dispensed controlled substances based on prescriptions that were not issued for legitimate purposes, according to a Cardinal press release. The order also alleges that the company failed to conduct "meaningful due diligence" to stop this from happening, the company said. Cardinal defended its "robust controls," however, and said the DEA's actions would disrupt drug shipments to more than 2,500 pharmacy customers in Florida, Georgia and South Carolina. A company spokeswoman said the controlled medicines at issue include drugs used to treat epilepsy, severe pain and sleep disorders. Shares of the Dublin, Ohio, firm recently traded down 1.3% to $41.66. The DEA's license suspension affects Cardinal's Lakeland, Fla., facility. The company is asking the U.S. District Court for the District of Columbia to intervene. "We strongly disagree with the allegations the DEA has made against our Lakeland facility and intend to vigorously challenge this action," Cardinal Chief Executive George Barrett said in the release. Cardinal noted that over the past four years, it has stopped shipping controlled medicines to more than 350 pharmacies while reporting them to the DEA. This includes 160 pharmacies in Florida. -By Jon Kamp, Dow Jones Newswires; 617-654-6728; jon.kamp@dowjones.com

Stock News for Cardinal Health (CAH)
DateTimeHeadline
07/29/201609:00:00Accelerating the Rate of Change in Health Care: Cardinal Health...
07/18/201616:22:41Statement of Changes in Beneficial Ownership (4)
07/13/201609:00:00MD Anderson Laboratory Professional Named 2016 Cardinal Health...
07/05/201616:29:56Statement of Changes in Beneficial Ownership (4)
07/05/201616:23:25Initial Statement of Beneficial Ownership (3)
06/30/201616:15:00Cardinal Health Appoints Pamela O. Kimmet Chief Human Resources...
06/30/201616:06:24Current Report Filing (8-k)
06/27/201603:50:00Akers Biosciences Signs US Distribution Pact for Breath Check...
06/21/201609:23:02Current Report Filing (8-k)
06/21/201608:30:00Cardinal Health to Release Fourth-Quarter and Year-End Results...
06/15/201616:44:06Annual Report of Employee Stock Plans (11-k)
06/15/201616:42:46Annual Report of Employee Stock Plans (11-k)
06/09/201607:51:30Cardinal Health to Prepare NETSPOT™ Doses for Advanced Accelerator A...
05/31/201607:47:24Specialized Disclosure Report (sd)
05/23/201616:43:43Statement of Changes in Beneficial Ownership (4)
05/17/201609:00:00Fort McMurray Fire Victims to Receive Aid from Cardinal Health
05/17/201609:00:00Fort McMurray Fire Victims to Receive Aid from Cardinal Health
05/12/201609:00:00Cordis Announces Return to the Drug-Eluting Stent Market
05/04/201617:40:00/C O R R E C T I O N -- Cardinal Health/
05/04/201616:08:00Cardinal Health Board of Directors Approves Quarterly Dividend...

Cardinal Health and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad