Pharmacies Targeted In Probe Of Gray-Market Drug Sales

Law360, New York (March 21, 2012, 8:18 PM EDT) -- U.S. congressional leaders on Wednesday sent information-seeking letters to licensed pharmacies they claim are buying up drugs in short supply and reselling them on a gray market at marked-up prices, as part of an ongoing probe of secondary suppliers that sell marked-up drugs amid shortages.

Letters were sent to three sets of pharmacy and drug wholesaler sister companies — LTC Pharmacy and International Pharmaceuticals, Priority Healthcare and Tri-Med America, and Columbia Med Services and Columbia Medical Distributors — requesting information about their role in selling drugs...
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