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Phila. biotech firm agrees to pay $2.75M settlement

2015-06-03 21:15:35| Biotech - Topix.net

A Philadelphia biotechnology company has tentatively agreed to pay $2.75 million to resolve a lawsuit brought by its shareholders, who allege the company made "material misrepresentations and omissions" regarding the status of a new drug application for its lead new drug candidate. The class action lawsuit was filed against Hemispherx Biopharma , which has spent more than three decades developing Ampligen for a variety of possible uses.

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Category:Biotechnology and Pharmaceuticals

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