LOS ANGELES–(BUSINESS WIRE)–$KPTI #KPTI—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Karyopharm Therapeutics Inc. (“Karyopharm” or “the Company”) (NASDAQ: KPTI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Karyopharm repeatedly hyped the commercial prospects of its drug selinexor. The Company focused on the safety and efficacy of the drug, describing it as having a “predictable and manageable tolerability profile,” adding that it had a “very nice safety profile,” and was “well tolerated” by patients. In reality, the FDA found that “[t]reatment with selinexor is associated with significant toxicity” and has “limited efficacy.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Karyopharm, investors suffered damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell: 424-303-1964
[email protected]
www.schallfirm.com
