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Illness-linked pharmacy files bankruptcy

Dec. 23, 2012 at 5:58 PM   |   Comments

FRAMINGHAM, Mass., Dec. 23 (UPI) -- The Massachusetts pharmacy accused of distributing steroids that killed 39 ­people and affected hundreds more has filed for bankruptcy, officials said.

New England Compounding Center, based in Framingham, filed for bankruptcy Friday, The Boston Globe reported.

The pharmacy said Friday it hopes to set up a fund in the bankruptcy process to pay victims with claims against the company.

"We recognize the need to compensate those affected by the meningitis outbreak fairly and appropriately," said Keith D. Lowey, who was named chief restructuring officer in the bankruptcy, in the company's statement.

Federal authorities have blamed NECC for distributing contaminated steroid injections that have killed 39 and sickened 620 with meningitis, the Boston Herald reported.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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