NEW YORK, Sept. 26, 2019 /CNW/ -- Pomerantz LLP is investigating claims on behalf of investors of Nektar Therapeutics ("Valaris" or the "Company") (NASDAQ: NKTR). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Nektar and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 8, 2019, after the market closed, Nektar revealed that a manufacturing issue caused two batches of NKTR-214 (bempegaldesleukin), the Company's lead immune-oncology candidate, to differ from the other 20 batches that were produced. Moreover, these batches resulted in variable clinical benefit than other batches used in Nektar's PIVOT-02 clinical trial.
On this news, Nektar's stock price fell $8.65 per share, or 29.25%, to close at $20.92 per share on August 9, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 9980
SOURCE Pomerantz LLP