Ausam Battles Keryx Over Share Losses

Law360, New York (August 3, 2006, 12:00 AM EDT) -- Biopharmaceutical company Ausam Biotechnologies Inc. went head to head with Keryx Biopharmaceuticals Inc. in a federal bankruptcy court this week in a bid to force Keryx to shell out more than half a million dollars for shares it says it never received.

Ausam, which filed for Chapter 11 protection in early February, has ceased operations but continues to market its anti-viral program, one of the company’s two product lines. The anti-viral program has yet to be sold, but Ausam has said it has plans to do...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.