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Pharma Co. Shakes Texas Securities Suit In Post-Cyan Ruling

By Reenat Sinay (November 13, 2018, 10:00 PM EST) -- A Texas judge permanently tossed an investor suit alleging pharmaceutical company XBiotech and its underwriters misled investors about its progress in clinical studies for its flagship product, in what is among the first dismissals of a Section 11 securities class action in a state court after the U.S. Supreme Court's Cyan ruling....

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