NEW YORK, NY / ACCESSWIRE / January 14, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Innate Pharma S.A. ("Innate" or the "Company") (NASDAQ:IPHA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Innate and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 9, 2020, Innate announced its decision "to suspend enrollment of new patients" in its TELLOMAK Phase II trial evaluating the efficacy and safety of lacutamab (IPH4102) in patients with advanced T-cell lymphomas. Innate cited "ongoing discussions with regulatory authorities regarding Good Manufacturing Practice (GMP) deficiencies at the Company's manufacturing subcontractor site that manages the fill and finish operations of the lacutamab clinical vials." On this news, Innate's American depositary receipt price fell $0.76 per share, or 9.99 %, to close at $6.85 on January 9, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP