GPM Announces the Filing of a Securities Class Action on Behalf of Celladon Corp. Investors
20 8월 2015 - 5:48AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces the filing of
a class action lawsuit on behalf of investors of Celladon
Corporation (“Celladon” or the “Company”) (NASDAQ:CLDN), who
purchased shares between July 7, 2014 and June 25, 2015, inclusive
(the “Class Period”). Celladon investors have until August 31,
2015 to file a motion to serve as lead plaintiff in the class
action.
Celladon is a clinical-stage biotechnology company which is
focused on the development of cardiovascular gene therapy and
calcium dysregulation. The Company’s lead candidate is MYDICAR to
treat inadequate pumping in heart failure patients. The complaint
alleges that the Company potentially misled investors regarding the
design of its MYDICAR clinical trials; and otherwise misled
investors regarding the successful FDA approval of MYDICAR.
On April 26, 2015, Celladon issued a press release announcing
that the Company’s Phase 2b CUPID2 trial of MYDICAR did not meet
its primary and secondary goals. As a result of this news, the
price of Celladon stock plummeted $11.04 per share to close at
$2.64 per share on April 27, 2015, a decline of 80% on volume of 32
million shares.
On June 1, 2015, Celladon issued a press release announcing the
abrupt resignation of defendant Krisztina M. Zsebo (“Zsebo”) as
Chief Executive Officer (“CEO”) and a director.
Then, on June 26, 2015, before the market opened, Celladon
issued a press release announcing the suspension of its plans for
further research or development of its MYDICAR program and other
pre-clinical programs, and indicating the possibility that the
Company could be liquidated with net cash available to shareholders
of $25-$30 million. As a result of this news, the price of Celladon
stock dropped $0.85 per share to close at $1.35 per share on June
26, 2015, a decline of 38% on volume of 9 million shares
If you purchased shares of Celladon during the Class Period,
have information or would like to learn more about these claims, or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Casey
Sadler, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20150819006244/en/
Glancy Prongay & Murray, Los AngelesCasey Sadler,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
CELLADON CORP (NASDAQ:CLDN)
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