An investigation for investors in Silverback Therapeutics, Inc. (NASDAQ:SBTX) shares over potential securities laws violations by Silverback Therapeutics, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/27/2021 -- Silverback Therapeutics, Inc is under investigation over possible securities laws violations in connection with certain financial statements.
Investors who purchased shares of Silverback Therapeutics, Inc. (NASDAQ: SBTX), 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 Silverback Therapeutics, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Seattle, WA based Silverback Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops tissue targeted therapeutics for the treatment of cancer, chronic viral infections, and other serious diseases.
On or around December 3, 2020, Silverback Therapeutics, Inc. conducted its initial public offering ("IPO"), offering 11.5 million shares of common stock priced at $21.00.
Then, on September 13, 2021, Silverback Therapeutics, Inc. issued a press release "announc[ing] that interim data from the dose-escalation portion of its Phase 1/1b clinical trial evaluating SBT6050 as a monotherapy and in combination with pembrolizumab in patients with advanced or metastatic HER2-expressing or amplified solid tumors will be presented at the upcoming European Society for Medical Oncology (ESMO) 2021 Congress from September 16-21, 2021" and advising that "[t]he accepted abstract . . . is now available on the ESMO website." Per the abstract, while there was a manageable safety profile for the Company's experimental therapy, the best overall response was PR (n=1), SD (n=3), and PD (n=10).
Shares of Silverback Therapeutics, Inc. (NASDAQ: SBTX) declined to as low as $10.80 per share on September 23, 2021.
Those who purchased shares of Silverback Therapeutics, Inc. (NASDAQ: SBTX) have certain options and should contact the Shareholders Foundation.
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