Welcome

AnaptysBio Drug Stock Suit Gets Union Fund as Lead Plaintiff

July 16, 2020, 4:13 PM

An trust representing a set of benefit plans for ironworkers will serve as lead plaintiff in a proposed class action against AnaptysBio Inc. alleging the company misled investors about the effectiveness of a drug candidate, a federal court in California ruled.

The Iron Workers Local 580 Joint Funds said it suffered the greatest alleged losses, $200,000, among the proposed class members, according to the U.S. District Court for the Southern District of California. Its counsel, Bernstein Litowitz Berger & Grossmann LLP, will serve as lead counsel, the court said Wednesday.

AnaptysBio allegedly made misrepresentations about its primary drug candidate, etokimab, ...

To read the full article log in.

Learn more about A Bloomberg Law subscription.