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New York, New York—(Newsfile Corp. - June 22, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders ChemoCentryx, Inc. (NASDAQ: CCXI).
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Affected shareholders purchased shares of CCXI between November 26, 2019 and May 6, 2021
Shareholders interested in representing the class of wronged shareholders have until July 6, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, ChemoCentryx, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the study design of the Phase III ADVOCATE trial presented issues about the interpretability of the trial data to define a clinically meaningful benefit of avacopan and its role in the management of ANCA-associated vasculitis; (2) the data from the Phase III ADVOCATE trial raised serious safety concerns for avacopan; (3) these issues presented a substantial concern regarding the viability of ChemoCentryx's New Drug Application ("NDA") for avacopan for the treatment of ANCA-associated vasculitis; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88266