Investigation announced for Long-Term Investors in shares of Shattuck Labs, Inc. (NASDAQ: STTK)

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Shattuck Labs, Inc.

Investors who purchased shares of Shattuck Labs, Inc. (NASDAQ: STTK) 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 concerns whether certain Shattuck Labs officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Austin, TX based Shattuck Labs, Inc., a clinical-stage biotechnology company, develops therapeutics for the treatment of cancer and autoimmune disease in the United States. Shattuck Labs, Inc. reported that its annual Total Revenue rose from $9.88 million in 2019 to $9.93 million in 2020, and that its Net Loss increased from $23.98 million in 2019 to $36.6 million in 2020.

On November 9, 2021, before trading hours, Shattuck Labs, Inc. (NASDAQ: STTK) reported its financial results for the third quarter of 2021 and providing corporate updates. Among other things, Shattuck Labs, Inc. reported that “[i]n November 2021, Shattuck and Takeda [Pharmaceutical Company Limited] mutually agreed to termination of the Collaboration Agreement for SL-279252 and SL-115154, originally executed in 2017. Shattuck is no longer required to satisfy any remaining performance obligations, the Company will not make any payments to or receive any future milestone or royalty payments from Takeda, and all options to license and rights of first negotiation held by Takeda under the Collaboration Agreement were terminated.” Further, Shattuck reported the appointment of a new chairman of the Company’s Board of Directors following the resignation of the former chairman in October 2021.

Shares of Shattuck Labs, Inc. (NASDAQ: STTK) declined from $20.13 per share on November 1, 2021, to as low as $7.88 per share on November 30, 2021.

Those who purchased shares of Shattuck Labs, Inc. (NASDAQ: STTK), 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.