Investigation announced for Investors in shares of Athenex, Inc. (NASDAQ: ATNX)

Certain directors of Athenex Inc. are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Athenex, Inc. (NASDAQ: ATNX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ATNX stocks follows a lawsuit filed against Athenex, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ATNX stocks, concerns whether certain Athenex directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Western District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that the data included in the Oral Paclitaxel plus Encequidar NDA presented a safety risk to patients in terms of an increase in neutropenia-related sequalae, that the uncertainty over the results of the primary endpoint of objective response rate (ORR) at week 19 conducted by BICR, that the BICR reconciliation and re-read process may have introduced unmeasured bias and influence on the BICR, that the Company’s Phase 3 study that was used to file the NDA was inadequate and not well-conducted in a patient population with metastatic breast cancer representative of the U.S. population, such that the FDA would recommended a new such clinical trial, that as a result, it was foreseeable that the FDA would not approve the Company’s NDA in its current form, and that as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Athenex, Inc. (NASDAQ: ATNX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.