Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

PHARMACY ROBBERY $5,000 INVESTIGATIONAL TRIGGER BEING RE-EXAMINED

Executive Summary

PHARMACY ROBBERY $5,000 INVESTIGATIONAL TRIGGER BEING RE-EXAMINED by the Justice Dept., the agency's Deputy Asst. Attorney General (Criminal Div.) James Knapp recently wrote Natl. Assn. of Retail Druggists (NARD) Exec VP Charles West. Knapp, who drafted the pharmacy-crime guidelines as a basis for launching investigations under the 1984 Controlled Substance Registrant Protection Act, said his office "will be consulting with the FBI in the near future to re-examine the appropriateness, vel non, of the $5,000 trigger." The law itself provides for prosecution of suspects in robberies involving controlled substances with a minimum of $500. The guidelines include the $5,000 limit as one threshold for federal investigation of pharmacy robberies. In his letter, Knapp noted complaints from pharmacy groups that few pharmacies stock $5,000 worth of controlled substances. If it "is true" that few pharmacies stock $5,000 worth of controlled substances, Knapp wrote West, "the particular guideline would obviously not be relevant or helpful in determining what cases should or should not be investigated by the FBI." In connection with Justice's re-examination of the $5,000 figure, Knapp urged West to submit to his office "any data which you may have concerning the amount (and replacement value) of controlled substances normally stocked by retail pharmacies." Knapp promised: "We will certainly consider this information when drafting any revisions to the investigative guidelines." Knapp noted that "the presence or absence of this guideline is unlikely to have much practical effect on the total number of cases investigated by the FBI since most potential cases are already investigated by it." Knapp's July 29 letter was in response to a letter from West to Attorney General Edwin Meese III. West wrote Meese: "If a retail pharmacy exists that maintains a controlled-substance inventory in excess of $5,000 acquisition cost, our experts would be amazed and the DEA ]Drug Enforcement Administration[ would be interested in it as a possible drug diversion investigation target."

You may also be interested in...



Part D Discount Liability Coming Into Focus: CMS Releases Drug Cost Data

Newly released Medicare Part D data sheds light on the sales hit that branded pharmaceutical manufacturers will face when the coverage gap discount program gets under way in 2011

FDA Skin Infections Guidance Spurs Debate On Endpoint Relevance

FDA appears headed for a showdown with clinicians and the pharmaceutical industry over the proposed new clinical trial endpoints for acute bacterial skin and skin structure infections, the guidance's approach for justifying a non-inferiority margin and proposed changes in the types of patients that should be enrolled in trials

Shire Hopes To Sow Future Deals With $50M Venture Fund

Specialty drug maker Shire has quietly begun scouting deals with a brand-new $50 million venture fund, the latest of several in-house investment arms to launch with their parent company's pipelines, not profits, as the measure of their worth

UsernamePublicRestriction

Register

MT142313

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel