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Danish Public Prosecutor Initiates Prosecutions against NeuroSearch A/S


Wednesday, 17 Jul 2013 06:07am EDT 

NeuroSearch A/S announced that the Company is being prosecuted by the Danish Public Prosecutor for Special Economic and International Crimes for alleged qualified share price manipulation. The Public Prosecutor requests that NeuroSearch is fined. The charges relate to an announcement issued on February 3, 2010 in which the then management of the Company reported top-line results from the Phase III study with Huntexil for the treatment of Huntington's disease (the MermaiHD study). The data were subsequently reassessed and on April 28, 2010, the Company, on its own initiative, released a corrective announcement. On the present basis, NeuroSearch is denying the charges and is collaborating fully with the authorities in order to resolve the matter. 

Company Quote

3.39
-0.01 -0.29%
10:59am EDT