https://www.law.com/ctlawtribune/2024/01/12/2nd-shareholder-lawsuit-filed-against-biotech-company/
Credit: adimas/Adobe StockNEWS
The principal investigator allegedly did not follow U.S. Food and Drug Administration rules and regulations due to “mounting pressure to fast track [the drug] to market under exigent circumstances to meet artificial milestones set by BioXcel’s biggest lenders Oaktree Capital Management, L.P. and Qatar Investment Authority,” the complaint said.
January 12, 2024 at 03:06 PM
3 minute read
BioXcel Therapeutics Inc. was named in a second shareholder derivative lawsuit after clinical trials for a neurological medication allegedly did not follow proper guidelines and the company allegedly made contrary statements to the public.
The complaint was surfaced on Law.com Radar.
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