The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tyme Technologies, Inc. (Tyme or the Company) (NASDAQ: TYME) for 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. Tyme reported the results of its open-label Phase 2 study for its drug candidate SM-88 on January 18, 2019. The Company reported positive results, stating SM-88 “improves survival” for late-stage pancreatic cancer patients. Despite this claim, the study did not include a control group, and the Company was comparing its results with historical control data. Based on this news, shares of Tyme fell by more than 35% on the same day.
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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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