SAN DIEGO--(BUSINESS WIRE)--$ALGS #classaction--Shareholder rights law firm Robbins LLP is investigating Aligos Therapeutics, Inc. (NASDAQ: ALGS) to determine whether certain Aligos officers and directors violated securities laws and breached fiduciary duties to shareholders. Aligos, a clinical-stage biopharmaceutical company, develops novel therapeutics to address unmet medical needs in viral and liver diseases. Its lead drug candidate is ALG-010133 for the treatment of chronic hepatitis B (CHB).
If you would like more information about our investigation of Aligos Therapeutics, Inc.'s misconduct, click here.
Aligos Therapeutics, Inc. (ALGS) Halted Development of its Lead Drug Candidate
On January 6, 2022, Aligos issued a press release announcing it has halted further development of ALG-010133. Aligos stated that "[t]his decision is based on emerging data from the Phase 1 Study ALG-010133-101 that indicate that at the projected efficacious dose … there is no meaningful [hepatitis B surface antigen] reduction. Furthermore, higher doses levels … that were planned to be evaluated in a subsequent cohort are very unlikely to reach the 1 log10 IU/mL HBsAg reduction level that Aligos had previously defined as necessary to advance the program." Based on this information, Aligos "concluded that these data were not sufficient to support further development of ALG-010133 and that dosing should be discontinued." On this news, the price of Aligos stock fell $6.02 per share, or more than 56%, to close at $4.59 per share on January 6, 2022.
Aligos Therapeutics, Inc. (ALGS) shareholders have legal options. If you own shares of Aligos Therapeutics, Inc., contact us for more information about your rights.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Contact us to learn more:
Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Aligos Therapeutics, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
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Contacts
Aaron Dumas
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
adumas@robbinsllp.com
(800) 350-6003
www.robbinsllp.com
