Friday, February 02, 2007

Pan - news from down under

Former Australian Pan Pharmaceuticals boss Jim Selim has pleaded not guilty to misleading the company's board ahead of its collapse in 2003.

Selim, who founded the company in 1974, today pleaded not guilty in the NSW Supreme Court to four counts of providing misleading information to board members.

The offences allegedly occurred between February and April 2003.

The Therapeutic Goods Administration ordered an operational halt at the company in April 2003 after a series of complaints about Pan's travel sickness drug Travacalm.

Justice Anthony Whealy today set the matter down for an expected eight-week trial on October 15.

Sydney Morning Herald

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