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Portola Pharma Investors Ink $17.5M Deal Over Stock Declines

By Emilie Ruscoe ( September 20, 2022, 9:54 PM EDT) -- Investors in biotechnology company Portola Pharmaceuticals Inc. have asked a San Francisco federal judge to give an initial nod to a $17.5 million deal that would end claims the company failed to acknowledge its prime drug candidate, a blood coagulant, would face stiff competition from an off-label drug used for the same purpose, hurting investors when the company revealed its struggles to sell its drug....

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