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Medarex says SEC investigating stock option grants
New York, May 24 - Medarex, Inc. said the Securities and Exchange Commission is looking into its stock option grants and practices.
The SEC has sent a letter of informal inquiry to the company requesting documents, Medarex said in an 8-K filing with the SEC.
Medarex, a Princeton, N.J., company working on human antibody-based therapeutic products, said it intends to cooperate fully with the commission.
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