The phrase "allegedly developing" is correct and usable in written English.
It can be used when discussing something that is claimed or reported to be in the process of being created or improved, but without confirmed evidence.
Example: "The company is allegedly developing a new software that promises to revolutionize the industry."
Alternatives: "reportedly working on" or "supposedly creating".
NVIDIA is known primarily for their PC graphics cards, but they've been in the news recently both for the expansion of their CUDA and PhysX initiatives as well as (allegedly) developing a CPU to challenge Intel and AMD.
CSC is also in the news right now for allegedly developing billing fraud schemes, alongside the City of New York itself, that may have defrauded New York State's Medicaid system.
You can control it with pretty standard RC input on your smartphone, tell it to do stuff with a voice-recognition mode, or let it wander around your house, bleeping and blooping like it has feelings and an allegedly developing "personality" or something.
Mehdi Rajabian suffers from muscular dystrophy, which he has allegedly developed after facing rigorous interrogations.
Mehdi Rajabian, the website's founder, is feared to be suffering from muscular dystrophy which he has allegedly developed after facing rigorous interrogations.
A thumb drive may also have been the delivery method for the Stuxnet worm, which the United States and Israel allegedly developed to slow Iran's efforts to develop nuclear weapons.
Iran's nuclear programme was crippled a deade ago when hackers used a virus called Stuxnet, allegedly developed by the US and Israel, to disrupt the rotation of uranium centrifuges.
Bentham went farther and argued that a system in which judges allegedly developed legal doctrine on a case-by-case basis was also not capable of guiding the conduct of persons to whom it applied and therefore did not qualify as law.
IBM has allegedly developed a new type of digital storage that could greatly increase the capacity of portable devices, while reducing their price.
Astonishingly, Woods allegedly developed a voracious gambling appetite, so much so that he reportedly had a $1-million 1-million limit
In 2008, there were rumors of a three-dimensional Kid Icarus game for the Wii that was allegedly developed by the German American studio Factor 5.
