US Attorney ends probe of S-P Puerto Rico manufacturing ops

01 October 2003 14:52  [Source: ICIS news]

HOUSTON (CNI)--Troubled US drug maker Schering-Plough (S-P) said Wednesday the US Attorney in New Jersey has ended its investigation of the company's manufacturing operations in Puerto Rico.

Kenilworth, New Jersey-based S-P has been cited for quality control problems at its facilities in Puerto Rico and New Jersey and paid a $500m (Euro427.4m) fine last year following a US Food and Drug Administration (FDA) criminal investigation.

Said Fred Hassan, S-P chairman and chief executive: "It is vitally important to resolve the legal and regulatory matters facing our company. I am glad we were able to put this legacy issue behind us as we move to create a new Schering-Plough."

Schering-Plough is a research-based company engaged in the discovery, development, manufacturing and marketing of pharmaceutical products.

By: Mike Sheridan
+1 713 525 2653

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