An investigation for investors in I-Mab (NASDAQ:IMAB) shares over potential securities laws violations by I-Mab (NASDAQ:IMAB was announced.
San Diego, CA -- (SBWIRE) -- 09/12/2022 -- An investigation was announced concerning potential securities laws violations by I-Mab in connection with certain financial statements.
Investors who purchased shares of I-Mab (NASDAQ: IMAB), 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 certain statements by I-Mab regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based I-Mab, a clinical stage biopharmaceutical company, discovers, develops, and commercializes biologics to treat cancer and autoimmune disorders.
On or around January 17, 2020, I-Mab conducted its initial public offering ("IPO"), selling more than 7 million ADSs priced at $14.00 per ADS.
On August 16, 2022, I-Mab disclosed in a filing with the U.S. Securities and Exchange Commission that its collaboration partner "AbbVie will discontinue the global Phase 1b study of [I-Mab's] lemzoparlimab combination therapy with azacitidine ('AZA') and venetoclax, in patients with myelodysplastic syndrome ('MDS') and acute myelocytic leukemia ('AML')."
Those who purchased shares of I-Mab (NASDAQ: IMAB) have certain options and should contact the Shareholders Foundation.
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