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Salix shareholders lose $3B in stock plunge

2014-11-08 02:53:04| Biotech - Topix.net

Salix Pharmaceuticals lost nearly $3 billion in market value overnight, as it reported operating losses; questions about inventory reporting led to an audit and now a shareholder lawsuit. CEO Carolyn Logan saw the market value of her personal shares drop from $147 million on Thursday to $95 million.

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Category:Biotechnology and Pharmaceuticals

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