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Tasly Group Halts Trading After Adverse Report On Its Cardiotonic Pill

This article was originally published in PharmAsia News

Executive Summary

An academic fingered for falsifying his research paper has turned the table on the accuser after Zhejiang University found the real author to be a protégé. Li Lianda, the implicated academic, claimed the allegation was made by an advisor of Tasly Group after Li announced his research on the severe side effects caused by the firm's Cardiotonic Pill. The company asked him not to publish the results but he went ahead, thus he suspected the false paper "exposé" was linked to the incident. Upon media reporting of Li's statement, Tasly Group's share dropped 3.8 percent, leading to an urgent halt in trading. The firm issued a statement that the advisor's accusation was made in his personal capacity and denied any association. It emphasized that the drug has received China State FDA approval after thousands of clinical trials. (Click here for more - Chinese Language)

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