NewLink Genetics Corporation
|Company Name||NewLink Genetics Corporation|
The Firm announces an investigation on behalf of investors of NewLink Genetics Corporation ("NewLink" or the "Company") (NASDAQ: NLNK) concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.
NewLink, a biopharmaceutical company, purportedly focuses on discovering, developing and commercializing immunotherapeutic products to enhance treatment options for patients with cancer.
On May 9, 2016, post-market, NewLink disclosed that the Company's experimental pancreatic cancer immunotherapy algenpantucel-L failed to satisfy the main purpose of a late-stage study. Patients treated with algenpantucel-L lived for a median of 27.3 months in NewLink's phase III trial, compared to median survival of 30.4 months for patients treated with conventional therapy. And, these trial results demonstrate that patients might have actually been hurt by NewLink's treatment.
On this news, shares of NewLink fell $5.05 per share, or over 30%, to close on May 10, 2016 at $11.45 per share.
If you purchased NewLink securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to email@example.com.
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