NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Seattle Genetics, Inc. (“Seattle Genetics” or the “Company”) (NASDAQ: SGEN) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On December 27, 2016, Seattle Genetics announced that the U.S. Food and Drug Administration, in order to evaluate the potential risk of hepatotoxicity, had placed a clinical hold on several early stage trials of Seattle Genetics’ experimental cancer drug, vadastuximab talirine. The Company stated that six acute myeloid leukemia patients had been identified with liver toxicity and that four had died.
On this news, Seattle Genetics stock fell over 15% to close at $52.36 on December 27, 2016. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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