An investigation for investors in Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) shares over potential securities laws violations by Spectrum Pharmaceuticals, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/17/2021 -- Spectrum Pharmaceuticals, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Spectrum Pharmaceuticals, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Henderson, NV based Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology and hematology drug products.
On August 6, 2021, Spectrum Pharmaceuticals, Inc. announced the Company received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration regarding the Company's Biologics License Application for ROLONTIS®. The CRL cited deficiencies related to manufacturing and indicated that a reinspection of the Company's manufacturing facility would be necessary.
Shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) declined from $4.54 per share in June 2021 to as low as $2.27 per share on August 6, 2021.
Those who purchased shares of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.