Entries by admin_fidj

Stem Cell Research Flourishes Abroad

Outside the United States, stem cell research is thriving, in part due to the availability of government funding. As reported here, the stringent requirements for obtaining federal funding for stem cell research in the U.S. may have unintended consequences, such as the migration of research abroad.

FDA To Take Over Three Tylenol Manufacturing Plants As Part Of Consent Decree

On March 10, 2011, the FDA in cooperation with the Department of Justice announced that a consent decree had been filed against McNeil PPC (“McNeil”) and two of its executives for failing to comply with current good manufacturing practice (“cGMP”) regulations. In accordance with the consent decree, McNeil, a division of Johnson & Johnson, has agreed to place three of its Tylenol manufacturing plants, in Puerto Rico, Lancaster, Pa. and Fort Washington, Pa., under FDA supervision.

Tax Court’s Ruling in Canal Corp. v. Commissioner calls into question the ability to rely on formal tax opinions

In CANAL CORPORATION AND SUBSIDIARIES, FORMERLY CHESAPEAKE CORPORATION AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent, 135 T.C. 9 (2010), the Tax Court ruled against the taxpayer in a leverage partnership distribution. Judge Kroupa’s blistering decision railed against the taxpayer who, in part, relied on a tax opinion from a national accounting firm.

FDA Takes Cooperation with FTC to a New Level

On February 1, 2011, the U.S. Food and Drug Administration (FDA) has cited a dietary supplement manufacturer for violating not only the Food, Drug & Cosmetic Act (FD&C Act) that […]