Daily News | A drug firm in Bucks County that sold FDA-approved generics had big plans to grow. Now it faces charges of misleading the FDA
If convicted, Vepuri could be fined, imprisoned and barred from the drug industry, the government says.
Last summer, federal agents swarmed over KVK facilities in Newtown as part of a six-year global investigation. The agents said they carted out 30 terabytes of digital information and 500 boxes of company records. Nearly a decade later, Verpuri had a new generics company in Bucks County, only not in his name. The government argues that Vepuri concealed his control of KVK Tech by placing its ownership in his children’s trusts and calling himself an advisor or part-time consultant to it. That way, the government claims, Vepuri could not be held responsible for regulatory violations as he was at Able Laboratories.
FDA inspectors found photos of drum labels stamped “Made in Mexico” in company files. Panchal told them KVK was using the Belgian company and said he didn’t know that it had shipped product from Mexico. In 1995, Pennsylvania Gov. Tom Ridge helped lure Lockheed’s satellite division, which had employees in locations in New Jersey and Pennsylvania, to Bucks County with an incentive package of grants and low-interest loans worth about $25 million. Holy Family College sold part of its branch campus for the project. Lockheed Martin employed 1,200, but Lockheed decided to close the facility in 2013 in a nationwide consolidation, cutting 4,000 jobs. The Newtown facility was vacated by 2015.
Back in 2015, the firm initially seemed to be the answer to Newtown’s economic woes. KVK Tech could add hundreds of jobs, the former chair of the Newtown board of supervisors, Ryan Gallagher, said at the public meeting where Dix expressed skepticism. In February 2020, FDA issued a warning letter to KVK’s headquarters plant on Terry Drive over impurity levels and foreign objects in separate lots of medications. In October 2020, the FDA wrote a similar letter about flawed manufacturing practices at the former Lockheed facility.
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