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Friday, December 19, 2014 1:57:22 PM
Case closed and even published with a press-release.
The recent FDA letter was singularly directed to Shasta Technologies LLC. No other company was included, either, directly or indirectly. PharmaTech was in full agreement with the FDA in its criticism of the deficiencies of the Shasta quality procedures and monitoring system. That shared opinion significantly contributed to the acquisition of GenStrip and the immediate quality and regulatory oversight that is now provided by PharmaTech.
Shasta during this period did not belong to Pharma-Tech or DECN. They had a simple licence Agreement. I would guess that everybody knows the difference between being a licensee or the owner. Today, Pharmatech is the owner and Pharmatech is controlled by DECN.
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