IRVINE, CA / ACCESSWIRE / June 29, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against Intra-Cellular Therapies, Inc. ("Intra-Cellular" or the "Company") (NASDAQ: ITCI). Investors, who purchased or otherwise acquired shares from August 12, 2014 through April 28, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the July 11, 2017 lead plaintiff motion deadline.
If you purchased Intra-Cellular shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or via e-mail at joon@khanglaw.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, throughout the Class Period, Intra-Cellular made false and/or misleading statements and/or failed to disclose: that findings related to toxicity in animals treated with lumateperone (ITI-007) were observed; that these findings posed an additional safety concern about lumateperone; and that, as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On August 4, 2016, the Company's Chief Executive Officer, Sharon Mates, touted the "efficacy and safety of ITI-007 for the treatment of schizophrenia." On May 1, 2017, Intra-Cellular disclosed that the FDA requested information from the Company in order to verify whether or not there are safety risks associated with long term exposure of ITI-007 to patients. Upon release of this information, Intra-Cellular's stock price fell materially, which harmed investors according to the Complaint.
If you want to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact:
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
