E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/18/2006 in the Prospect News Biotech Daily.

SFBC International to phase out operations in Florida

By Elaine Rigoli

Tampa, Fla., May 18 - SFBC International, Inc. will cease all of its operations in Florida, including its Miami and Ft. Myers facilities.

In addition, the company announced that the Miami-Dade County Unsafe Structures Board failed to issue an extension for reviewing the plans submitted by the company related to its planned structural improvements to the Miami facility.

The Miami-Dade County Unsafe Structures Board gave the company 60 days from May 17 to file for a permit to demolish the Miami facility.

However, the company said it intends to appeal this ruling to the Florida courts and potentially file an injunction to stay these proceedings to facilitate an orderly shut down of operations and complete the transition of any studies to its Canadian facilities, where possible.

SFBC International is a drug-development services company located in Princeton, N.J.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.