| Topic: |
Sociology > Depression |
| User: |
"Bev Thornton" |
| Date: |
23 Jun 2005 01:24:48 AM |
| Object: |
[NEWS] Investors allege insider trading at biotech firm |
Last modified June 22, 2005 - 12:25 am
HOUSTON, Texas - Three securities law firms have filed federal suits
against Houston-based Cyberonics, alleging company insiders sold about
$2 million in stock last year while failing to disclose negative
information to investors.
Cyberonics makes and sells a pacemaker-like medical device to treat
epilepsy. For the last year it has been on a Wall Street roller
coaster as it has tried to gain regulatory approval to market the
so-called "vagus nerve stimulation" therapy to treat severe
depression.
Cyberonics officials declined comment, saying the company was in a
quiet period.
<http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/06/22/build/business/56-biotech-firm.inc>
--
<bevthornton@despammed.com> Support: <http://www.merlin.org.uk/>
By your own efforts waken yourself, watch yourself, and live joyfully.
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