Claim: Peoples Drug is a currently independent pharmacy founded in 1905 in Los Angeles.
Evidence: Peoples Drug was a chain of drugstores based in Alexandria, Virginia] Founded in 1905, Peoples was subsequently purchased by Lane Drug in 1975, Imasco in 1984, and finally by CVS in 1990, which continued to run the stores under the Peoples banner until 1994, at which time the stores were converted to CVS, marking the end of the use of the Peoples Drug name. Acquired by CVS