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Published March 27, 2012, 07:52 AM

Cetero Research filing for bankruptcy protection

(WDAY TV) - Cetero Research if filing for bankruptcy protection. The North Carolina-based company has a research lab in Fargo. The company has assets of about $205 million dollars and debt of about $248-million.

By: WDAY Staff Reports, WDAY

(WDAY TV) - Cetero Research if filing for bankruptcy protection. The North Carolina-based company has a research lab in Fargo.

The company has assets of about $205 million dollars and debt of about $248-million. The move comes after the FDA required the company to re-test some clinical studies after faking documents and manipulating drug samples at a Houston facility.

Cetero says it resulted in considerable costs. It's not clear how it could affect the Fargo facility which has about 400 employees and 544 beds for drug test subjects.

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