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Biotech Co. Misled Investors About Kidney Drug, Suit Says

By Sarah Jarvis (March 30, 2022, 5:54 PM EDT) -- Biotechnology company Ardelyx Inc. has been hit with a derivative shareholder suit alleging its top brass engaged in insider trading and made false and misleading statements about a drug for patients with chronic kidney disease, leading to a 74% drop in stock price after regulators found issues with certain data about the drug....

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