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Tokai Shareholders File Suit To Stop Otic Pharma Deal

By Martin O'Sullivan ( April 12, 2017, 2:49 PM EDT) -- A proposed class of Investors in Tokai Pharmaceuticals Inc. on Tuesday hit the drugmaker with a suit in Massachusetts federal court, alleging shortcomings in the proxy statement surrounding a deal in which shareholders of Otic Pharma Ltd. would become Tokai's majority owner....

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