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Fraud charges filed against diagnostic company

This article was originally published in Clinica

Executive Summary

The US Securities and Exchange Commission has brought fraud charges against the now defunct company, Novatek International, reports Barron's, a US business weekly. The company is alleged to have issued false press releases two years ago, claiming it had revenues of $400 million in non-existent transactions, concerning sales of HIV blood test kits in South America.

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