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Baxter dismisses lawsuit as "without merit"

This article was originally published in Clinica

Executive Summary

Baxter International has dismissed as "completely without merit" a class action lawsuit alleging the company issued materially false and misleading press releases relating to the performance of its bioscience and renal divisions. "This appears to be an off-the-shelf suit, typically filed anytime a company's stock price declines," said a spokesperson. The company plans to vigorously contest the suit, she added.





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