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Greenwood sues drugmaker for $9.5M

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reports Elona Biotechnologies received $8.4 million in tax money from Greenwood in 2010. The city originally loaned the money for a new production facility so the company could grow from a small company to a major drug maker but negations with private investigators fell apart. The major drug was going to be insulin for diabetes. The foreclosure lawsuit alleges that the firm owes $9.5 million, ...

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