{"id":76344,"date":"2022-11-02T05:45:37","date_gmt":"2022-11-02T05:45:37","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=101339"},"modified":"2022-11-02T05:45:37","modified_gmt":"2022-11-02T05:45:37","slug":"rosen-top-ranked-investor-counsel-encourages-spectrum-pharmaceuticals-inc-investors-with-losses-to-inquire-about-securities-class-action-investigation-sppi","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/rosen-top-ranked-investor-counsel-encourages-spectrum-pharmaceuticals-inc-investors-with-losses-to-inquire-about-securities-class-action-investigation-sppi\/","title":{"rendered":"ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Spectrum Pharmaceuticals, Inc. Investors with Losses to Inquire About Securities Class Action Investigation \u2013 SPPI"},"content":{"rendered":"
\n

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) — WHY:<\/strong>\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) resulting from allegations that Spectrum Pharmaceuticals may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased Spectrum Pharmaceuticals securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=9455<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On September 22, 2022, after market hours, Reuters<\/em> reported that advisers to the U.S Food and Drug Administration (\u201cFDA\u201d) \u201cvoted against recommending Spectrum Pharmaceuticals\u2019 [] experimental drug for the treatment of patients with a form of non-small cell lung cancer.\u201d The article further reported that \u201c[t]he FDA panel voted 9 to 4 against the oral drug, poziotinib, citing marginal efficacy, high level of toxicities, and lack of dose optimization. The panel\u2019s decision was in-line with briefing documents released by the drug regulator on Tuesday that raised concerns over the efficacy of the treatment compared with existing drugs like Daiichi Sankyo\u2019s [] and AstraZeneca\u2019s Enhertu.\u201d<\/p>\n

On this news, Spectrum Pharmaceuticals\u2019 stock price fell 31% to close at $0.43 per share on September 23, 2022, on unusually heavy trading volume.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8687004<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) \u2014 WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) resulting from allegations that Spectrum Pharmaceuticals may have issued materially misleading business information to the investing public. SO WHAT: If you purchased [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Spectrum Pharmaceuticals, Inc. 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