An investigation for investors in Global Blood Therapeutics, Inc. (NASDAQ: GBT) shares over potential securities laws violations by Global Blood Therapeutics was announced.
San Diego, CA -- (SBWIRE) -- 09/26/2018 -- Global Blood Therapeutics, Inc. is under investigation over potential securities laws violations by Global Blood Therapeutics in connection with certain financial statements.
Investors who purchased shares of Global Blood Therapeutics, Inc. (NASDAQ: GBT), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Global Blood Therapeutics, Inc. (NASDAQ: GBT) concerning whether a series of statements by Global Blood Therapeutics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Global Blood Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in the discovery, development, and delivery of treatments for underserved patient communities. OnSeptember 13, 2018, Stat published an article describing "important risks that investors might be glossing over" regarding Global Blood's FDA approval prospects for its new drug to treat sickle cell disease, voxelotor. The article cited the results of a recent Phase 3 clinical trial and stated "Global Blood lacks data demonstrating voxelotor reduces the frequency of crises," which is traditionally a necessary criterion for FDA approval of a sickle cell disease treatment. The article further stated that, "[i]n the Phase 3 study, voxelotor did not improve the quality of life of sickle cell patients."
Those who purchased shares of Global Blood Therapeutics, Inc. (NASDAQ: GBT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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