Wise Young
05-16-2002, 04:24 PM
When the government wants to give you trouble, it audits you.
http://www.nytimes.com/2002/05/15/science/15CELL.html
ACT reprimanded
15 May 2002
US health investigators have questioned the financial viability of Advanced Cell Technology (ACT), the controversial biotechnology company that claimed a human cloning achievement at the end of last year, in an audit that accuses the company of misspending nearly $150,000 in government grants, reports The New York Times today.
But the last sentence of the article is most revealing:
Finally, the report questioned the company's financial viability, citing an audit in 2000 that raised questions about whether the company could continue as a "going concern."
http://www.nytimes.com/2002/05/15/science/15CELL.html
ACT reprimanded
15 May 2002
US health investigators have questioned the financial viability of Advanced Cell Technology (ACT), the controversial biotechnology company that claimed a human cloning achievement at the end of last year, in an audit that accuses the company of misspending nearly $150,000 in government grants, reports The New York Times today.
But the last sentence of the article is most revealing:
Finally, the report questioned the company's financial viability, citing an audit in 2000 that raised questions about whether the company could continue as a "going concern."