Photo: Lalaka via Adobe Stock BioXcel Securities Class Action Dismissed
"By framing the risk of third-party noncompliance as a mere possibility when they knew the FDA had issued a Form 483 observing such noncompliance at its audit, Defendants did not provide complete information to reasonable investors; thus, the statement was misleading and is actionable," the court said.
July 15, 2024 at 05:39 PM
3 minute read
Securities Litigation
A Connecticut federal court judge dismissed a securities class action against drug manufacturer BioXcel Therapeutics Inc., which uses artificial intelligence to develop medications.
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