The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Celgene Corporation (CELG)
CELGENE (CELG)
Last celgene earnings: 10/31 07:30 am
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US:NASDAQ Investor Relations:
ir.celgene.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Klein Law Firm announces the commencement of an investigation of Celgene Corporation (NASDAQGS:CELG) concerning possible violations of federal securities laws. Celgene announced it would discontinue its trials for GED-0301 on October 19, 2017. The Company also announced it would record a $1.6 billion impairment charge because of the drug’s failure. On October 26, 2017, Celgene identified some of its key drugs that had missed sales expectations for the quarter. Then on February 27, 2018, post-market, Celgene disclosed that the U.S. Food and Drug Administration (“FDA”) had rejected the Company’s New Drug Application (“NDA”) for Ozanimod, a multiple sclerosis treatment. Celgene stated that it had received a refusal-to-file letter from the FDA, which advised the Company that it had “determined that the nonclinical and clinical pharmacology sections in the NDA were insufficient
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