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SHAREHOLDER ALERT: WeissLaw LLP Investigates Anchiano Therapeutics Ltd.

·2 min read

NEW YORK, Dec. 15, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Anchiano Therapeutics Ltd. ("Anchiano" or the "Company") (NASDAQ: ANCN) in connection with the Company's proposed merger with Chemomab Ltd. ("Chemomab"), a privately-held clinical-stage biotech company that develops therapeutics for fibrosis-related diseases. Anchiano will combine with Chemomab via a reverse-merger to create a public company focused on advancing Chemomab's lead product, CM-101. Upon closing of the proposed transaction, Anchiano shareholders will only own approximately 10% of the combined company, prior to additional PIPE financing.

WeissLaw LLP (PRNewsfoto/WeissLaw LLP)
WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

If you own Anchiano shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslawllp.com/ancn/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw is investigating whether Anchiano's board acted in the best interest of Anchiano's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Chemomab, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Anchiano's public shareholders.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

Cision
Cision

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SOURCE WeissLaw LLP