New York Attorney General Eliot Spitzer has issued subpoenas to at least two of the nation’s three largest drug distributors in what appears to be a probe into the way the companies buy drugs from each other.

New York Attorney General Eliot Spitzer has issued subpoenas to at least two of the nation's three largest drug distributors in what appears to be a probe into the way the companies buy drugs from each other. AmerisourceBergen Corp., Chesterbrook, Pa., in a filing late Thursday with the Securities and Exchange Commission said one of its subsidiaries had received a subpoena from Spitzer's office the previous day. The document requests information on the manner and degree to which AmerisourceBergen buys drugs from other wholesalers, in what is often referred to as the "alternate source market," the company said. "AmerisourceBergen, which purchases less than 0.5 percent of the pharmaceuticals it distributes from sources other than the manufacturer, was advised by the (attorney general's office) that similar subpoenas have been issued to other industry participants," the company said. AmerisourceBergen said it was not advised of any allegations of misconduct. Cardinal Health Inc. of Dublin, Ohio, said in an SEC filing Friday that one of its subsidiaries had received a similar subpoena from Spitzer's office. San Francisco-based McKesson Corp., the other of the big three wholesalers, hadn't disclosed the receipt of any such subpoena, and a spokesman wasn't immediately available for comment.

New York Attorney General Eliot Spitzer has issued subpoenas to at least two of the nation’s three largest drug distributors in what appears to be a probe into the way the companies buy drugs from each other.

About The Author

Law Admin

Subscibe to LawFuel

About The Author

Law Admin

Read More