Costco under investigation by Ontario forensic team over drug company payments

CNBC News

16 March 2018 - Rebates not allowed in province in bid to drive down overall price of generics.

Costco is under investigation by an Ontario government forensic team that specializes in "allegations of wrongdoing against government" after the retail giant received $1.2 million in potentially illegal payments from a generic drugmaker, The Fifth Estate has learned.

The revelation follows guilty pleas of professional misconduct in front of the Ontario College of Pharmacists from two pharmacy executives with the company known for its bulk deals and rock bottom pharmacy dispensing fees.

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Michael Wonder

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Michael Wonder