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The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ChemoCentryx, Inc. ("ChemoCentryx" or "the Company") (NASDAQ: CCXI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The FDA released a "Briefing Document" on May 4, 2021, concerning ChemoCentryx's drug candidate avacopan. The FDA document notes that the agency’s review team "has identified several areas of concern, raising uncertainties about the interpretability of the data" found in the Company’s application, and also holds concerns about "the clinical meaningfulness of these results." Based on this news, shares of ChemoCentryx plunged by more than 45% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 email@example.com.
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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210504006332/en/