The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Nektar Therapeutics (Nektar or the Company) (NASDAQ: NKTR) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Nektars clinical-stage drug NKTR-214 faced multiple issues, and the Companys attempt to improve it by pegylating IL-2 failed. The Company did not disclose that previous studies attempting to pegylate IL-2 also failed. The extended half-life for NKTR-214 was unlikely to provide benefits and also created safety concerns. NKTR-214 was less effective than IL-2 by itself. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about Nektar, investors suffered damages.
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We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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