Navigation Links
Shareholder Class Action Filed Against Rigel Pharmaceuticals, Inc. by the Law Firm of Barroway Topaz Kessler Meltzer & Check, LLP
Date:2/20/2009

the drug; (2) that patients in the Study taking R788 experienced increased liver enzymes compared to those patients taking the placebo; (3) that patients in Mexico had higher response rates in both the placebo and treated arms than U.S. patients, which may have disproportionately contributed to the overall reported benefit observed at the higher doses; (4) that the Company lacked adequate internal controls; (5) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis when made; and (6) that the Company's Registration Statement was false and misleading at all relevant times.

On December 13, 2007, the Company issued a press release which publicized positive results of a clinical trial of R788. The December 13, 2007 press release was also appended to the Company's Form 8-K filed with the United States Securities and Exchange Commission filed that same day. In response to the positive news of the results of the Study, the price of Rigel's stock increased $17.95 per share to close at $25.95 per share on December 13, 2007, a 224% increase from the previous day's closing price of $8.00 per share.

Subsequently, on or about January 31, 2008, the Company completed its Secondary Public Offering ("SPO"). In connection with its SPO, the Company filed a Registration Statement and Prospectus (collectively referred to as the "Registration Statement") with the SEC. The Registration Statement incorporated by reference the Company's December 13, 2007 press release detailing the results of the Study. The SPO was a financial success for the Company, as it sold more than 5 million shares of stock to investors at a price of $27 per share, for gross proceeds of $135 million.

Thereafter, defendants continued to tout the positive results of the Phase II clinical trial of R788. However, on October 27, 2008 the Company shocked investor
'/>"/>

SOURCE Barroway Topaz Kessler Meltzer & Check, LLP
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. CEL-SCI Corporation Releases Letter to Shareholders
2. Alliance Pharmaceutical Corp. Announces Approval of Proposed Actions at Annual Shareholders Meeting
3. Shareholder Class Action Filed Against Vertex Pharmaceuticals Incorporated by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
4. Immtech Announces Posting of Annual Shareholders Meeting Presentation
5. CEL-SCI Corporation Releases Letter to Shareholders
6. Human Genome Sciences Begins Delivery of First-in-Class Anthrax Treatment to U.S. Strategic National Stockpile
7. Cylene Pharmaceuticals Initiates Phase I Trial With CX-4945 -Breakthrough First-in Class Inhibitor of CK2
8. Roskamp Institute Identifies New Class of Drugs to Treat Alzheimers Disease
9. Alexion Secures U.S. Patent for ALXN6000, a First-In-Class Anti-CD200 Monoclonal Antibody
10. Pivotal Pulmonary Arterial Hypertension Study Published in The Lancet Concludes That Bosentan (Tracleer(R)) Demonstrates Benefits in Patients With Mildly Symptomatic WHO Functional Class II Disease
11. Pharmacopeias First-in-Class Investigational Therapy PS433540 Achieves Statistically Significant Reductions in Blood Pressure in Hypertensive Patients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/23/2014)... Research and Markets  has announced the addition of ... & by Lead Type - Global Forecast to 2020" ... http://photos.prnewswire.com/prnh/20130307/600769 The global diagnostic electrocardiograph ... holter monitor, resting, and stress type diagnostic ECG devices. ... 2013 and is poised to grow at a CAGR ...
(Date:7/23/2014)... , July 23, 2014 On Tuesday, ... ("Plaintiff") filed suit in the 116 th ... , against RegenLab USA, LLC ... Prospective Business Relationships through false and misleading ... Business Disparagement through libel, disparagement, defamation, ...
(Date:7/23/2014)... , July 23, 2014 Research ... the "Global Electrophysiology Ablation Catheters Market 2014-2018" ... http://photos.prnewswire.com/prnh/20130307/600769 Catheter ablation ... or destroy faulty electrical pathways from sections of ... known as cardiac arrhythmias). Cardiac arrhythmias can be ...
Breaking Medicine Technology:Global Diagnostic Electrocardiograph (Resting, Stress, Holter Monitor) (ECG) Market - Forecast to 2020 2Global Diagnostic Electrocardiograph (Resting, Stress, Holter Monitor) (ECG) Market - Forecast to 2020 3Global Electrophysiology Ablation Catheters Market 2014-2018: Key Vendors are Boston Scientific, Johnson & Johnson, Medtronic and St. Jude Medical 2Global Electrophysiology Ablation Catheters Market 2014-2018: Key Vendors are Boston Scientific, Johnson & Johnson, Medtronic and St. Jude Medical 3
... According to Millennium Research Group (MRG), the global authority ... in the US ultrasound system market last year. Not only ... in the market, but it also earned a strong presence ... diverse portfolio has enabled GE to maintain a solid lead ...
... Sept. 27 CareFusion (NYSE: ... company, has announced it has entered into ... and sell innovative surgical scrub solutions, including ... Surgical Scrub and Triseptin® Hand and Body ...
Cached Medicine Technology:GE Healthcare Set to Take Share from Siemens and Philips in the $1.2 Billion US Ultrasound Market 2GE Healthcare Set to Take Share from Siemens and Philips in the $1.2 Billion US Ultrasound Market 3CareFusion Expands Skin Antisepsis Portfolio 2CareFusion Expands Skin Antisepsis Portfolio 3CareFusion Expands Skin Antisepsis Portfolio 4CareFusion Expands Skin Antisepsis Portfolio 5
(Date:7/23/2014)... Alan Mozes HealthDay Reporter ... more likely to have been exposed to some form of ... suggests. The finding seems to apply solely to military ... finding could be a cause for concern, given that early ... abuse among the civilian population has been linked to a ...
(Date:7/23/2014)... Colo. (PRWEB) July 23, 2014 The ... a woman from Milwaukee, Wis. who was physically fit ... age 21, she ultimately made the heart-wrenching decision to ... haunted her for the past 18 years, and she ... the process. , Featuring a unique, non-competitive approach to ...
(Date:7/23/2014)... 23, 2014 (HealthDay News) -- Regularly checking the pulse ... researchers report. "Screening pulse is the method of ... age 65 who have never had a stroke. Our ... and easy way to identify people who might need ... study author Dr. Bernd Kallmunzer, of Erlangen University in ...
(Date:7/23/2014)... DC (PRWEB) July 23, 2014 ... for ATA 2015, ATA’s twentieth annual meeting and ... The meeting, expected to attract over 5,000 attendees ... will take place May 3-5, 2015, in Los ... most renowned healthcare technology professionals from researchers, clinicians, ...
(Date:7/23/2014)... disorders of obesity and dementia reside in the brain, ... Behavioral Neuroscience. In the paper, researchers make the case ... the brain responsible for memory and learning. Furthermore, treatments ... in reducing certain dementias., "In the struggle to treat ... This is a new way for providers who treat ...
Breaking Medicine News(10 mins):Health News:Many U.S. Male Soldiers Had Troubled Childhoods, Study Finds 2Health News:Many U.S. Male Soldiers Had Troubled Childhoods, Study Finds 3Health News:“Extreme Weight Loss”: Cassie’s journey begins at the University of Colorado Anschutz Health and Wellness Center 2Health News:Routine Pulse Check May Prevent Second Stroke, Study Says 2Health News:ATA Seeks Speakers to Present at the World’s Largest Telemedicine, mHealth and Telehealth Conference 2Health News:Targeting the brain to treat obesity 2Health News:Targeting the brain to treat obesity 3
... 26, 2010-- It,s known that people who live or work ... from serious injuries compared to those in more urban environments. ... higher mortality rates, new research suggests that limited access to ... be a factor. Researchers from St. Michael,s in Toronto ...
... ... body connection , ... January 26, 2010 -- Dr. Peter J. Rappa, MD, a rehabilitation physician in Dallas, TX explores ... to Soul: One Doctors’ Journey of Health, Healing and Life ( Brown Books )., , ...
... ... safer, more effective patient care , ... San Mateo, Calif. (PRWEB) January 26, 2010 -- Epocrates, Inc., a leading ... by health systems, hospitals and universities nationwide in 2009. The market demand and clinician need ...
... ... essential actions for leaders to move an organization from conflict to consensus - an ... To download the white paper, go here: http://bit.ly/8ZcCNt , ... Cambridge, Mass. (PRWEB) January 26, ...
... WASHINGTON , Jan. 26 Consumer Watchdog urged ... have insurance but not adequate coverage, then pledge in his State ... legal accountability for insurers and lack of adequate representation for consumers ... called upon Obama to close a legal loophole that currently bars ...
... advantages that have helped increase human lifespans also make us ... disease and dementia, reveals a study to be published in ... and Medicine" on Tuesday, Jan. 26. Comparing the life ... William F. Kieschnick Professor in the Neurobiology of Aging in ...
Cached Medicine News:Health News:More than 50 percent of injury-related deaths in rural Ontario occur before patients reach hospital 2Health News:More than 50 percent of injury-related deaths in rural Ontario occur before patients reach hospital 3Health News:New Book Reveals Eye-Opening Look Inside Physical and Spiritual Well-Being 2Health News:Health Systems, Hospitals and Universities Nationwide Chose Epocrates in 2009 for Trusted Point-of-Care Clinical Information 2Health News:Health Systems, Hospitals and Universities Nationwide Chose Epocrates in 2009 for Trusted Point-of-Care Clinical Information 3Health News:From Conflict to Consensus: Interaction Associates Outlines How Leaders Can Achieve Successful Alignment and Implementation 2Health News:From Conflict to Consensus: Interaction Associates Outlines How Leaders Can Achieve Successful Alignment and Implementation 3Health News:Obama: Make Equal Justice for Patients a State of the Union Pledge & Re-establish White House Office of Consumer Affairs 2Health News:Obama: Make Equal Justice for Patients a State of the Union Pledge & Re-establish White House Office of Consumer Affairs 3Health News:Why humans outlive apes 2
... Flexoscope images are transmitted through ... the picture and transmit it ... Storz flexoscopes are designed for ... be repaired at low cost ...
... BAK/Proximity Interbody Fusion system ... and associated implantation instruments. ... a hollow, porous, square-threaded ... alloy (Ti-6Al-4V). Hollow, porous ...
The flexible endoscope was mainly developed for the pure neuroendoscopy. Due to the working channel it is ideal suitable for therapeutic indications e.g. subdural hematomas, cysts or intraventricular...
... Low Profile Ergonomic Design for ... neuroendoscopes are designed for therapeutic minimally ... of configurations, these scopes offer working ... capabilities. With a flexible body and ...
Medicine Products: