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Regulus Therapeutics Inc. (RGLS)

NASDAQ:RGLS

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In Regulus Therapeutics, Inc. To Contact The Firm Before Imminent Lead Plaintiff Deadline

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Regulus Therapeutics, Inc. (“Regulus” or the “Company”) (NASDAQ:RGLS) of the April 3, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of California on behalf of all those who purchased Regulus stock or options between January 21, 2016 and June 27, 2016 (the “Class Period”).  The case, Jin v. Regulus Therapeutics Inc. et al, No. 17-cv-00267 was filed on February 10, 2017, and has been assigned to Judge Barry Ted Moskowitz.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose safety concerns regarding its lead product candidate, RG-101, for the treatment of hepatitis C virus (HCV) infection.

First, during a webcast and conference call to present additional interim data on RG-101 at the International Liver Conference on April 15, 2016, the Company disclosed in a footnote that the Daklinza arm of the RG-101 Phase II trial had a severe adverse event from jaundice.  Then, on June 27, 2016, FDA informed Regulus that it would place for RG-101 on full clinical hold after a second serious adverse event of jaundice was reported.  After these safety concerns were announced, the stock declined severely, damaging investors.

Finally, on January 27, 2017, the Company announced that it would submit a complete response to the FDA with the requested information in the fourth quarter of 2017 and stated that there can be “no assurances as to when the clinical hold on RG-101 may be lifted, if at all.”

After the announcement, Regulus’s share price fell from $2.25 per share on January 27, 2017 to a closing price of $1.30 on January 30, 2017—a $0.95 or a 42.2% drop.

Take Action

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Regulus’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Regulus Therapeutics Inc. (RGLS)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/30/2017

Send Information

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