LOS ANGELES–(BUSINESS WIRE)–$IPHA #IPHA—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innate Pharma S.A. (“Innate” or “the Company”) (NASDAQ: IPHA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Innate announced abrupt changes to its $100 million deal with AstraZeneca on September 8, 2020. The Company would no longer receive a $100 million payment when it started its first Phase 3 clinical trial of monalizumab, it would instead receive $50 million at the beginning of the trial and another $50 million when interim analysis proved clinical activity. Based on this news, shares of Innate dropped 26.6% on the same day.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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