PharmaKinetics Laboratories Inc. (OTC Bulletin Board: PKLBQ)announced Friday the details of its Chapter 11 bankruptcyreorganization plan, which it filed with the United StatesBankruptcy Court for the District of Maryland.
V. Brewster Jones, the Baltimore company's president and chiefexecutive officer, said "I believe we have a fair and workableplan which is capable of satisfying all creditors, stockholdersand the company." PharmaKinetics filed for Chapter 11bankruptcy protection from its creditors in November 1990.The company provides services to pharmaceutical firmsseeking new drug approvals in the United States and Canada.
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