Energy News / Shareholders Foundation, Inc.

NASDAQ:CELG Shareholder Notice: Deadline in Lawsuit Against Celgene Corporation Upcoming

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, May 21,2018

A Deadline is coming up on May 28, 2018 in the lawsuit for investors in Celgene Corporation (NASDAQ: CELG) and NASDAQ: CELG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/21/2018 -- A deadline is coming up on May 28, 2018 in the lawsuit filed for certain investors in NASDAQ: CELG shares over alleged securities laws violations by Celgene Corporation.

Investors who purchased shares of Celgene Corporation (NASDAQ: CELG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between September 12, 2016 and February 27, 2018 , the defendants failed to disclose that trials for GED-0301 suffered from fatal design defects, such that GED-0301 had failed to demonstrate meaningful clinical efficacy, and that, as a result, there was an undisclosed risk and high likelihood that Celgene would be unable to develop GED-0301 into a commercially viable treatment for Crohn's disease. In addition, defendants also failed to disclose that the growth of Otezla sales had dramatically slowed during Celgene's third fiscal quarter of 2017 and that the clinical and nonclinical pharmacology data in Celgene's new drug application ("NDA") for Ozanimod were insufficient to permit a complete review by the FDA, which resulted in the FDA issuing a refusal to file letter to Celgene regarding the NDA. As a result of these false statements and/or omissions, the price of Celgene stock was artificially inflated during the Class Period to over $145 per share.

Those who purchased shares of Celgene Corporation (NASDAQ: CELG) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqcelg-shareholder-notice-deadline-in-lawsuit-against-celgene-corporation-upcoming-980686.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com