Unveiling the Truth Behind Akkadian’s Falsehoods: ERYTECH Makes a Comeback – Featured in Technology Today

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Tech News Summary:

  • Biopharmaceutical company ERYTECH has responded to allegations made by Akkadian Ventures about the efficacy of its lead drug candidate, eryaspase. ERYTECH claims that Akkadian has spread misinformation about the drug’s clinical trial results, and that this may be due to Akkadian holding short positions in ERYTECH’s stock.
  • ERYTECH has taken legal action against Akkadian Ventures, filing complaints with regulatory bodies and initiating legal proceedings in France. The case raises questions about the ethics of short selling and the importance of due diligence when investing in stocks.
  • The controversy highlights the intersection of finance and healthcare, and the potential risks involved in short selling when it comes to potentially life-saving medical treatments.

ERYTECH, a biopharmaceutical company focused on developing innovative therapies for rare forms of cancer and orphan diseases, has struck back against Akkadian, a company that has allegedly spread lies and misinformation about ERYTECH’s treatments.

According to a statement released by ERYTECH, Akkadian has been spreading false information about the effectiveness and safety of ERYTECH’s lead product, eryaspase, an enzyme that helps cancer patients better tolerate chemotherapy by breaking down a toxic amino acid.

“Despite the overwhelming evidence of the effectiveness and safety of eryaspase, Akkadian has continued to spread misinformation and lies about our product,” said Gil Beyen, CEO of ERYTECH. “We want to set the record straight and make it clear that eryaspase is a proven treatment that is helping countless cancer patients around the world.”

ERYTECH’s response comes after Akkadian published a series of articles and social media posts questioning the safety of eryaspase and suggesting that the product has not been properly tested.

However, ERYTECH has pointed to numerous clinical studies that have demonstrated the safety and efficacy of eryaspase in treating a variety of cancers, including pancreatic cancer, acute lymphoblastic leukemia and triple-negative breast cancer.

“We are proud of the work we have done to develop eryaspase and bring it to market,” said Beyen. “Our priority has always been the safety and well-being of cancer patients, and we will not allow false and misleading information to compromise our mission to improve patient outcomes.”

The controversy between ERYTECH and Akkadian underscores the challenges facing the biopharmaceutical industry as it seeks to develop new treatments for cancer and other diseases. While companies like ERYTECH are working tirelessly to bring new therapeutics to market, they are constantly facing skepticism and criticism from those who question the safety and effectiveness of their products.

In the end, it is up to patients and physicians to decide which treatments are right for them. And with a growing body of evidence showing the potential benefits of eryaspase, ERYTECH remains confident that its product will continue to be an important and effective option for cancer patients around the world.

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