Allergan voluntarily recalls certain lots of multi-purpose solution.IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--April 10, 1995-- Allergan Allergan, Inc., is a global specialty pharmaceutical company. Their product ranges include ophthalmic pharmaceuticals, dermatology products, and neurological products. The company's most notable neurologic product is Botox, used around the world to treat a variety of debilitating , Inc. (NYSE NYSE See: New York Stock Exchange : AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ) Monday Monday: see week. it has initiated a voluntary recall of certain lots of its multi-purpose lens care solution shipped since mid-February 1995, when a change was implemented in the manufacturing process. Additional testing of certain lots manufactured since then indicate that a small percentage do not satisfy Allergan's quality standards and, therefore, Allergan has decided to recall all of the lots manufactured since the change was implemented. The problem has been corrected and all product currently being manufactured and shipped to our customers complies with all applicable standards. "While the possibility of adverse health consequences from consumer use of products from these lots is remote," said William C. Shepherd, president and chief executive officer of Allergan, "we have nevertheless decided to take this action to ensure that our customers receive only the highest quality products." Recall of the lots in question will result in a first quarter one-time pre-tax charge of approximately $4 million. Allergan's financial results for the first quarter of 1995 are scheduled to be released on April 19, 1995, and first quarter results before recognition of this recall charge are expected to be in line with analysts' consensus expectations. "We regret any inconvenience or concern that this action will cause, however we've decided to take this action to maintain the high level of trust our customers have grown to expect from us as a manufacturer of high-quality eye-care products," said Shepherd. Allergan, Inc., a global health care company headquartered in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). , develops, manufactures, and markets specialty therapeutic products for eye and skin care and neuromuscular neuromuscular /neu·ro·mus·cu·lar/ (-mus´ku-ler) pertaining to nerves and muscles, or to the relationship between them. neu·ro·mus·cu·lar adj. 1. disorders. A technology-driven company, Allergan is working to be the partner of choice for ever better health care. CONTACT: Allergan, Inc., Irvine, Calif. Jeff D'Eliscu, 714/752-4636 (work) or 714/675-9475 (home) |
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