This is a follow-up to my post on the 23 August concerning Pan Pharmaceuticals, the major Australian supplement supplier forced to close by the unconscionable actions of the Therapeutics Goods Administration, (TGA), a Federal Government body.

100 firms line up to sue commonwealth over Pan Pharmaceuticals
Susannah Moran | August 23, 2008

MORE than 100 companies have expressed interest in joining a class action against the federal Government over the collapse of Pan Pharmaceuticals in 2003.

The Australian understands two class actions are being considered against the Therapeutic Goods Administration — one on behalf of Pan’s shareholders and another by companies who used Pan to manufacture their products, with a sub-group of suppliers who provided raw materials.

But others in the industry are fearful of retribution by the TGA if they join legal action, The Australian has been told.

See the full story at:

http://www.theaustralian.news.com.au/story/0,25197,24226766-23289,00.html

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