LOS ANGELES, CA / ACCESSWIRE / August 16, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GSK plc ("GSK" or "the Company") (NYSE:GSK) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GSK's development partner for the proposed COVID-19 treatment sotrovimab, Vir Biotechnology, Inc. ("Vir"), issued a press release on August 9, 2022, stating that the two companies "do not plan to file a Biologics License Application for sotrovimab at this time and do not intend to pursue the US-based Phase 3 COMET-STAR prophylaxis trial. Discussions with the FDA remain ongoing regarding the appropriate path forward for sotrovimab in the US." Based on this news, GSK's American Depositary Receipt price fell by more than 4.3% on August 10, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm