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AIBioTech Settles Government Complaint
[July 22, 2014]

AIBioTech Settles Government Complaint

RICHMOND, Va. --(Business Wire)--

American International Biotechnology, LLC ("AIBioTech") recently reached a settlement with the U.S. Department of Justice to fully resolve allegations about a contract sales agent's actions in connection with certain laboratory tests ordered by a certified registered nurse practitioner employed by Greentree Medical Center ("Greentree"), Rices Landing, PA. AIBioTech denies any wrongdoing. It chose to settle the matter to avoid the delay, uncertainty, inconvenience, and expense of litigation.

The case relates to claims for laboratory tests from a single physician practice overless than five months that occurred more than one year ago. AIBioTech had no knowledge of the alleged actions of the contract sales agent, and only learned of the action on receipt of the complaint; it did not approve or sanction the actions of the sales agent. AIBioTech conducted laboratory tests based on orders signed by a properly licensed and enrolled nurse practitioner. AIBioTech was unaware of any impropriety with the test orders.

AIBioTech continues to focus its full attention on delivering high-quality laboratory testing services to its patients in full compliance with all applicable laws and regulations.

About AIBioTech

AIBioTech is a comprehensive contract research organization which provides integrated research and development services and clinical testing to physicians and life science investigators in biotechnology and pharmaceutical companies, academic institutions, and in several different government agencies. Its services are offered individually or can be integrated to support product development from discovery to market with full regulatory support.

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