101. Companies are required to receive regulatory approval whenever marketing an existing drug for a new use. 102. Completing the transaction requires an Internal Revenue Service ruling that it is tax-free to investors, as well as regulatory approvals. 103. Completing the spin-off requires regulatory approvals and an Internal Revenue Service ruling certifying it will be tax-free for shareholders. 104. Construction of the pipeline, expected to begin late this year if regulatory approval is received, would take a year to complete. 105. Continental will introduce phone service within a year of regulatory approval, a company spokeswoman said. 106. Completion of the sale, which is subject to regulatory approval, is expected in late July or August, Man said. 107. Congress has no direct role in the regulatory approval process. 108. Cortecs said the drug, Pseudostat, will now go to third-stage trials, bringing it one step closer to regulatory approval. 109. Defense industry analyst Christopher H. Mecray at Deutsche Banc Alex, Brown Inc. in New York said the regulatory approval process was relatively smooth. 110. Despite the potential roadblocks, both companies remain confident of receiving regulatory approval, said Cyndi Shoop, a spokeswoman for Allegheny Power. |
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