An investigation for investors in Kura Oncology, Inc. (NASDAQ:KURA) shares over potential securities laws violations by Kura Oncology, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/09/2021 -- Kura Oncology, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Kura Oncology, Inc. (NASDAQ: KURA), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Kura Oncology, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Diego, CA based Kura Oncology, Inc., a clinical-stage biopharmaceutical company, develops medicines for the treatment of cancer in the United States.
On November 24, 2021, Kura Oncology, Inc. "announced that the U.S. Food and Drug Administration (FDA) has placed the KOMET-001 Phase 1b study of KO-539 in patients with relapsed or refractory acute myeloid leukemia (AML) on a partial clinical hold." Kura Oncology, Inc. advised that "[t]he partial clinical hold was initiated following the Company's recent report to the FDA of a Grade 5 serious adverse event (patient death) potentially associated with differentiation syndrome, a known adverse event related to differentiating agents in the treatment of AML[,]" and that "[u]ntil the partial clinical hold is resolved, and the Company has more clarity regarding the impact on timing, Kura is suspending guidance on the completion of enrollment in the KOMET-001 Phase 1b study and determination of the recommended Phase 2 dose of KO-539."
Shares of Kura Oncology, Inc. (NASDAQ: KURA) declined from $19.72 per share on November 5, 2021, to as low as $12.02 per share on December 6, 2021.
Those who purchased shares of Kura Oncology, Inc. (NASDAQ: KURA) have certain options and should contact the Shareholders Foundation.
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