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:8/5/2015)... Aug. 5, 2015  Butterfly Network was awarded ... (WEF) Technology Pioneers for 2015.  The company is ... enable non-invasive surgery. By integrating its novel imaging ... devices create a virtuous cycle, learning as they ... Butterfly was chosen by a professional jury ...
(Date:8/5/2015)... 5, 2015 Mordor Intelligence releases ... Market segmented by Packaging Type for Ampoules (Glass, ... - By Geographical Region ( North America ... Middle East & Africa ... Forecasts & Analysis (2015-2020).      (Logo: ...
(Date:8/4/2015)... Aug. 5, 2015 Karuna Pharmaceuticals, Inc. ... developing a novel product candidate for the treatment ... a Translation Fund Award from the Wellcome Trust ... up to $3.84 million. The funding, along with ... Karuna,s lead program KarXT, a potentially innovative therapy ...
Breaking Medicine Technology:Butterfly Network Recognized as a Technology Pioneer by the World Economic Forum 2DuPont, Mitsubishi Chemical Holdings and Amcor Among Other Organizations are Expected to Invest in the Asia-Pacific and Latin American Ampoules Packaging Market 2DuPont, Mitsubishi Chemical Holdings and Amcor Among Other Organizations are Expected to Invest in the Asia-Pacific and Latin American Ampoules Packaging Market 3Karuna Receives Wellcome Trust Award to Advance Innovative Clinical Stage Product Candidate for the Treatment of Schizophrenia 2Karuna Receives Wellcome Trust Award to Advance Innovative Clinical Stage Product Candidate for the Treatment of Schizophrenia 3Karuna Receives Wellcome Trust Award to Advance Innovative Clinical Stage Product Candidate for the Treatment of Schizophrenia 4
... the growing local public, health threat of addiction, ... LIVONIA, Mich., Sept. 12 /PRNewswire/-- To mark September ... community leaders are,hosting a public forum to discuss ... will feature presentations by Donald Allen, Director of,the ...
... With equal access to medical care and,medication, Hispanic men ... non-,Hispanics of controlling their high blood pressure. When researchers,studied ... ALLHAT,(Antihypertensive and Lipid-Lowering Treatment to Prevent Heart Attack,Trial), they ... For Immediate Release: Sept. 12, 2007, ...
Cached Medicine Technology:Public Forum to Discuss Addiction as a Treatable Disease and Highlight National Alcohol and Drug Addiction Recovery Month 2Public Forum to Discuss Addiction as a Treatable Disease and Highlight National Alcohol and Drug Addiction Recovery Month 3Public Forum to Discuss Addiction as a Treatable Disease and Highlight National Alcohol and Drug Addiction Recovery Month 4Hypertension: Journal of the American Heart Association Rapid Access Reports: Hispanics' Hypertension Better Controlled With Equal Access to Care 2Hypertension: Journal of the American Heart Association Rapid Access Reports: Hispanics' Hypertension Better Controlled With Equal Access to Care 3Hypertension: Journal of the American Heart Association Rapid Access Reports: Hispanics' Hypertension Better Controlled With Equal Access to Care 4
(Date:8/5/2015)... ... ... What language does a body speak? "Body Language – from Head to ... that contain the name of a body part. , The use of body part-related ... words, and expressions, for example, “back against the wall,” “brainstorming,” “sweet tooth,” and “tongue ...
(Date:8/5/2015)... ... 05, 2015 , ... Social Security benefits are not keeping pace with rising ... The Senior Citizens League (TSCL). The record low growth in cost-of-living adjustments ... Social Security beneficiaries age 65 and older, says TSCL. , When asked to select ...
(Date:8/5/2015)... Louis, MO (PRWEB) , ... August 05, 2015 ... ... to Dismiss has been filed in the testosterone multidistrict litigation known as Testosterone ... District Court in the Northern District of Illinois. The Motion to Dismiss was ...
(Date:8/5/2015)... ... ... Stelari introduces their new collection, The Earth’s Song, inspired by the Australian Outback. ... Combining fashion and activewear, Stelari’s new collection let’s you take your bohemian chic style ... is sure to make the spirit seeker swoon with prints as meaningful as they ...
(Date:8/5/2015)... ... August 05, 2015 , ... " Wildflower Seed & Tool Company ” ... look small, medium, and large businesses making an impact in their industry. Susan Bridges, ... with viewers how their gardening tools are specifically designed for women. , With overweight ...
Breaking Medicine News(10 mins):Health News:Harvard Medical Professor Dr. Per-Olof Hasselgren Pens Unique Book Using Body Part Idioms 2Health News:Majority of Older Americans Say Social Security Benefits Not Keeping up with Rising Household Costs, According to a New Survey from the Senior Citizens League 2Health News:Majority of Older Americans Say Social Security Benefits Not Keeping up with Rising Household Costs, According to a New Survey from the Senior Citizens League 3Health News:Testosterone Lawsuit News: Defendants Push Back Against RICO Claim 2Health News:Testosterone Lawsuit News: Defendants Push Back Against RICO Claim 3Health News:Testosterone Lawsuit News: Defendants Push Back Against RICO Claim 4Health News:Stelari: Bohemian Chic Activewear Line 2Health News:Stelari: Bohemian Chic Activewear Line 3Health News:Wildflower Seed & Tool Company Design Gardening Tools Specifically for Women 2
... of a British charity, made a record 850 eye examinations in ... who was part of a team with the Vision Aid Overseas ... day in the Indian city of Bangalore in March. ... ,'The best moment was when I prescribed glasses for an ...
... (CFS) has been associated with altered amounts of slow ... activity and impaired sleep regulation. A study published in ... is also associated with a blunted slow wave activity ... the basic sleep drive. ,The study, authored ...
... get training posts through the flawed Medical Training Application ... is stalling on a new contract for non-training ... show that 34,250 doctors are chasing 18,500 specialist training ... given no commitment that trainee doctors will be able ...
... woman in her late 20s who suffers from AIDS Wednesday inaugurated ... as its theme. ,Pooja Thakur, who discovered she ... 2005, said she was thrilled to be inaugurating the "condom bar" ... unique bar has real condoms dotting the wall that stacks liquor ...
... died in a hospital here in the month of April ... for not informing the state government about the deaths. ... deaths at the state-owned Sree Avittam Tirunal (SAT) Hospital here ... infections in the labour room, according to blood tests conducted ...
... Ministry of Science & Technology, Government of India ... an agreement today to address a major obstacle ... vaccines to elicit neutralizing antibodies against HIV. A ... by IAVI and the Department of Biotechnology, will ...
Cached Medicine News:Health News:Junior Doctors Facing More Misery Because of Contract Deadlock: BMA 2Health News:Indias First condom Bar Inaugurated by AIDS Patient 2Health News:Government Expels Superintendent for Not Informing Newborn Deaths 2Health News:DBT And IAVI Forge Partnership To Develop Next Generation Vaccine Candidates 2Health News:DBT And IAVI Forge Partnership To Develop Next Generation Vaccine Candidates 3
Allograft implants can be easily used to repair and promote the healing of a wide variety of bone and other tissue defects....
The Natural Selection family of specialty allografts are spinal allograft devices to eliminate the need for painful autograft harvesting....
... VG2 PLIF Allograft is comprised of ... a cancellous center. The cortical planks ... The cancellous bone provides a lattice ... environment. Superior and inferior surface teeth ...
Williams Micro Discectomy Instruments are designed to be used in the microsurgical treatment of herniated disks....
Medicine Products: