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Article: Able Laboratories: The Rise And Fall Of A Generic Firm.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
If Ferris Bueller worked at Able Laboratories Inc., it would have come as no surprise to the FDA.
As the main character in the 1986 movie, "Ferris Bueller's Day Off," the teenager hacked into his high school computer system to change his days absent from nine to two, keeping himself within range of the graduation requirements.
That sounds a little like what might have gone on at Parsippany, N.J.-based Able, which managed to get FDA approvals for several generic products without meeting all of the pre-requisites.
Able recalled all of its products earlier this year and has since filed for bankruptcy and announced its plans ...