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

Alra

Executive Summary

President and Treasurer Raj Bhutani and Corporate Secretary and Quality Control Labs Director Neelam Bhutani plead not guilty in Chicago federal court to charges of entering a criminal conspiracy and to specific charges of mail fraud, wire fraud and violations of the FD&C Act. The 15-count indictment, announced Jan. 26, supercedes a five-count indictment handed down last August ("The Pink Sheet" Aug. 30, 1993, p. 19). If convicted on all counts, Raj Bhutani faces up to 62 years imprisonment and a fine of up to $3.75 mil., Neelam Bhutani could be sentenced to 52 years and the Gurnee, Ill.-based company could be fined $7.5 mil. Allegations in the new indictment include: that Alra collected an insurance claim on contaminated batches of lactulose syrup but produced and shipped finished product anyway; that Alra collected Illinois state employee training funds but did not provide promised training to its employees; that Alra offered money to a consultant to certify falsely to FDA that he had provided training to its employees; and that the Bhutanis instructed employees to lie to the grand jury investigating the company

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

LL1129949

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

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