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Court Rules Two CVS Florida Pharmacies Can't Ship Pain Pills

By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- A U.S. appeals court said two CVS Caremark Corp. (CVS) pharmacies in Florida cannot fill prescriptions for certain controlled drugs related to a Drug Enforcement Administration move to halt such sales. The decision lifted a temporary, administrative stay that was granted to CVS earlier this month, at the time allowing the pharmacies to keep dispensing controlled medications after an appeals court denied the chain's request for preliminary injunction. The case stems from DEA action that was taken last month against two Sanford, Fla., CVS stores that were alleged to be among four pharmacy customers of drug distributor Cardinal Health Inc. (CAH) that dispensed the pain drug oxycodone based on bad prescriptions. The U.S. Court of Appeals for the District of Columbia Circuit on Thursday ruled CVS had "not satisfied the stringent requirements for a stay pending appeal." The decision comes roughly a week after an appeals court said a Cardinal Health distribution hub in Florida can't ship prescription painkillers. In a prepared statement, CVS said it was "disappointed with today's ruling by the court," saying the company had taken actions that have substantially reduced the amount of oxycodone dispensed at the two Florida pharmacies. "We remain committed to working with the DEA to do everything we can to reduce prescription drug abuse," CVS said. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com -Jon Kamp and Timothy Martin of The Wall Street Journal contributed to this article

Stock News for Cardinal Health (CAH)
DateTimeHeadline
05/02/201308:20:07Cardinal Health Profit Rose 3.6%; Dividend Raised
05/02/201308:00:12Cardinal Health Third-Quarter Profit Rose 3.6%; Dividend Raised
04/25/201308:21:03Cardinal, McKesson Renew Distribution Agreements With CVS
03/19/201309:25:51U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/19/201315:30:09Cardinal Health Borrows $1.3 Billion for AssuraMed Buy
02/19/201315:14:18Cardinal Health Borrowing $1.3 Billion to Acquire AssuraMed
02/14/201308:40:07Cardinal Health to Buy AssuraMed for $2.07 Billion
02/14/201308:23:17Cardinal Health to Buy Medical-Supplies Provider AssuraMed for...
02/05/201308:40:22Cardinal Health Profit Up 16% on Improved Margins
02/05/201308:30:05Cardinal Health 2nd-Quarter Profit Up 16% on Improved Margins
01/30/201319:44:24CORRECT: Cardinal Health Sees $79 Million in Costs From Production...
01/30/201318:37:32Cardinal Health Sees $79 Million in Costs from Production Move
01/30/201309:49:57AmerisourceBergen Signs New Deal With Big Customer PharMerica
12/19/201214:00:25Glaxo in $150 Million Settlement in Generic Nasal Spray Case
12/19/201213:45:34GlaxoSmithKline in $150 Million Settlement in Generic Nasal Spray...
11/09/201209:23:14Cardinal Health: DOJ Requested Documents on Customer Discounts
11/06/201214:11:34Fitch Lowers Outlook for Cardinal Health to Stable on Growth...
10/31/201211:14:28Correction to Tuesday's Cardinal Health Earnings Story
10/30/201211:43:02Cardinal Health's 1st-Quarter Profit Up 14% on Lower Costs; Unveils...
10/04/201209:07:48McKesson Renews Drug-Supply Deal With Large Customer Rite Aid

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