Applied DNA Sciences Inc (APDN): "Global drug giant Novartis has confirme...

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Thursday, 04/11/2013 6:40:47 AM

Thursday, April 11, 2013 6:40:47 AM

"Global drug giant Novartis has confirmed it has begun an "internal investigation" into a five-year deal it signed with a CSIRO spin-off company to buy an anti-counterfeit technology which the CSIRO and its partner knew could be compromised..."

"...DataTrace DNA Pty Ltd, a joint venture between the CSIRO and public company DataDot Technology Ltd, instead issued Novartis with widely available tracer material it had bought from China and which it was warned was insufficient for a pharmaceutical application...."

http://www.goulburnpost.com.au/story/1425172/drug-giant-to-probe-deal-with-csiro-spin-off/?cs=12

CSIRO partner company placed in trading halt after global drugs giant duped

http://www.illawarramercury.com.au/story/1424700/csiro-partner-company-placed-in-trading-halt-after-global-drugs-giant-duped/?cs=7#

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