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PAN BOSS 'FAILED TO TELL OF DRUG RECALL'

September 12, 2005

Pan Pharmaceuticals head Jim Selim failed on four occasions to disclose to his directors that one of its products had been recalled by the national medicines watchdog, a court has heard. Selim is appearing at a committal hearing in Sydney's Downing Centre Local Court on four charges of misleading the company's board ahead of the biggest medicine recall in Australia's history. Prosecutor Peter Hastings, QC, said that Selim — Pan's former chief executive and managing director — knew the Therapeutic Goods Administration (TGA) had raised serious concerns in its correspondence after an audit of the travel sickness drug Travacalm.
The Age