logo
Share SHARE
FONT-SIZE Plus   Neg

Faruqi & Faruqi Says It Is Investigating Potential Securities Fraud At Peregrine

National securities law firm Faruqi & Faruqi, LLP said it is investigating potential securities fraud at Peregrine Pharmaceuticals, Inc.(PPHM).

The law firm noted that the investigation focuses on whether the company and its executives violated federal securities laws by failing to disclose that: (1) there were major discrepancies between various patient sample test results and patient treatment code assignments; (2) the clinical data from the company's randomized, double-blind placebo-controlled Phase II trial of bavituximab in second-line non-small cell lung cancer was misleading; and (3) as a result of the foregoing, the company's positive statements about Peregrine's business, operations, and prospects, including those statements relating to the clinical data from the company's randomized, double-blind placebo-controlled Phase II trial of bavituximab in second-line non-small cell lung cancer lacked sufficient support.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Dave & Buster's Entertainment, Inc. (PLAY) offer a compelling value proposition at the current price. We believe the stock has at least 15% upside from present levels. Despite its presence in the troubled casual-dining sector, Dave & Buster's Entertainment bucks the trend by differentiating its offerings and guest experience. French energy giant Total SA announced Monday that it has agreed to acquire E&P company Maersk Oil & Gas A/S, a unit of A.P. Moller-Maersk A/S, in a $7.45 billion share and debt transaction. Under the agreed terms, the Denmark-based shipping and oil company will receive a consideration of $4.95 billion in Total shares. A.P. Moller-Maersk shares were gaining around 4 percent. Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S.
comments powered by Disqus
RELATED NEWS
Trade PPHM now with 
Follow RTT