Coast IRB to close

(Originally posted on the Wall Street Journal online)

Coast IRB said the disclosure of the sting and an April 14 warning letter from the Food and Drug Administration describing the company’s violations led several high-profile customers to pull their business. As a result, “Coast IRB’s owners decided, through counsel, to cease future company operations,” a company statement said.

The company had said earlier that it intended to temporarily halt accepting new business and to stop enrolling patients in studies that had begun while it made a thorough overhaul of its operations.

Read the entire article here.