-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RYOxN1p1LFaPf0k6Y0IWzCqjEmnNAQ/nwO972QFBAWTJiOo7pOHximZ4OB5s5pNs l9TWhzkibVnxELN8nh6iZg== 0001047469-03-001275.txt : 20030114 0001047469-03-001275.hdr.sgml : 20030114 20030114120148 ACCESSION NUMBER: 0001047469-03-001275 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030113 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIO TECHNOLOGY GENERAL CORP CENTRAL INDEX KEY: 0000722104 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 133033811 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15313 FILM NUMBER: 03513100 BUSINESS ADDRESS: STREET 1: 70 WOOD AVE S CITY: ISELIN STATE: NJ ZIP: 08830 BUSINESS PHONE: 9086328800 MAIL ADDRESS: STREET 1: 70 WOOD AVENUE SOUTH CITY: ISELIN STATE: NJ ZIP: 08830 8-K 1 a2100741z8-k.htm 8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 13, 2003

Bio-Technology General Corp.
(Exact name of issuer as specified in its charter)

Delaware
(State or Other Jurisdiction
of Incorporation)
  0-15313
(Commission File Number)
  13-3033811
(IRS Employer
Identification No.)

One Tower Center, East Brunswick, New Jersey 08816
(Address of Principal Executive Offices)        (Zip Code)

Registrant's telephone number, including area code: (732) 418-9300

70 Wood Avenue South, Iselin, New Jersey 08830
(Former address, if changed since last report.)





ITEM 5.    OTHER EVENTS AND REGULATION FD DISCLOSURE.

        On January 13, 2003, Bio-Technology General Corp. announced that purported class action lawsuits have been brought against it and certain of its officers in the United States District Court for the District of New Jersey. The plaintiffs seek to represent all purchasers of BTG securities during the period from April 19, 1999 through August 2, 2002 and seek unspecified damages on their behalf. The plaintiffs allege that the defendants caused BTG's shares to trade at artificially inflated levels through the issuance of false and misleading financial statements including, but not limited to, improper revenue recognition practices. Neither BTG nor any of its officers has been served but, if served, BTG intends to vigorously defend this matter.

        A copy of the press release relating to such announcement is attached to this Current Report on Form 8-K as Exhibit 99.1.


ITEM 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

  (a) Financial Statements of Business Acquired.

 

 

None.

 

(b)

Pro Forma Financial Information.

 

 

None.

 

(c)

Exhibits.

 

 

99.1

Press Release issued by Bio-Technology General Corp.


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

  BIO-TECHNOLOGY GENERAL CORP.
(Registrant)

 

 

 
  By: /s/  WHITNEY K. STEARNS, JR.      
Whitney K. Stearns, Jr.
Senior Vice President-Chief Financial Officer and Treasurer

Dated: January 14, 2003




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SIGNATURES
EX-99.1 3 a2100741zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

FOR IMMEDIATE RELEASE

Investor Relations
Don Weinberger
Wolfe Axelrod Weinberger Associates
212-370-4500
  Contact
Leah Berkovits
Bio-Technology General Corp.
732-418-9300

        BIO-TECHNOLOGY GENERAL CORP. ANNOUNCES PURPORTED CLASS ACTION LAWSUITS

        East Brunswick, New Jersey, January 13, 2003—Bio-Technology General Corp. (NASDAQ: BTGC) today announced that purported class action lawsuits have been brought against it and certain of its officers in the United States District Court for the District of New Jersey. The plaintiffs seek to represent all purchasers of BTG securities during the period from April 19, 1999 through August 2, 2002 and seek unspecified damages on their behalf. The plaintiffs allege that the defendants caused BTG's shares to trade at artificially inflated levels through the issuance of false and misleading financial statements including, but not limited to, improper revenue recognition practices. Neither BTG nor any of its officers has been served but, if served, we intend to vigorously defend this matter.

        Bio-Technology General Corp. develops, manufactures and markets genetically engineered and other products for human health care. BTG's products are marketed worldwide. Products marketed by BTG or its licensees in the United States are Oxandrin® (oxandrolone, USP), Delatestryl® (testosterone enanthate), Mircette® (oral contraceptive), and BioLon™ (sodium hyaluronate). Products sold internationally are Bio-Tropin™(recombinant human growth hormone), BioLon™ (sodium hyaluronate), Bio-Hep-B™ (hepatitis B vaccine), Silkis® (vitamin D derivative), Arthrease™ (sodium hyaluronate for osteoarthritis), and recombinant human insulin. BTG's news releases and other information are available on the Company's website at www.btgc.com.

####

        Statements in this news release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission.




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