{"id":399280,"date":"2020-12-14T13:03:23","date_gmt":"2020-12-14T18:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399280"},"modified":"2020-12-14T13:03:23","modified_gmt":"2020-12-14T18:03:23","slug":"deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-innate-pharma-sa-ipha","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-innate-pharma-sa-ipha\/","title":{"rendered":"Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Innate Pharma SA (IPHA)"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BENSALEM, Pa.<\/span>, Dec. 14, 2020<\/span> \/PRNewswire\/ — Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0December 22, 2020<\/span><\/b> deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Innate Pharma SA (“Innate” or the “Company”) (NASDAQ: IPHA<\/a>) securities between March 10, 2020<\/span> and September 8, 2020<\/span><\/b>, inclusive (the “Class Period”).<\/p>\n

Investors suffering losses on their Innate investments are encouraged to contact the Law Offices of Howard G. Smith<\/span> to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com<\/a>.<\/p>\n

On\u00a0October 23, 2018, Innate and AstraZeneca plc (“AstraZeneca”) announced an expansion of a pre-existing collaboration agreement, whereby AstraZeneca acquired 9.8% equity stake in Innate and obtained full oncology rights to monalizumab, a first-in-class humanized anti-NKG2A antibody.\u00a0 As part of this agreement, Innate would receive\u00a0$100 million\u00a0in milestone payments at the start of the first Phase 3 clinical trial for monalizumab.\u00a0 <\/p>\n

On\u00a0September 8, 2020, Innate announced that it had amended its collaboration agreement with AstraZeneca. Innate “will now receive a\u00a0$50 million\u00a0payment upon AstraZeneca’s dosing of the first patient in the Phase 3 trial, and a\u00a0$50 million\u00a0payment after the interim analysis demonstrates the combination meets a pre-defined threshold of clinical activity.”\u00a0<\/p>\n

On this news, the Company’s American Depositary Share (“ADS”) price fell\u00a0$1.62\u00a0per share, or 26.6%, to close at\u00a0$4.45\u00a0per ADS on\u00a0September 8, 2020.<\/p>\n

The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Innate touted the results of their various Phase 2 trials as being within expectations; (2) Innate continued to reassure investors that they were eligible for the $100 million<\/span> payment upon first dosing of Phase 3 trials; (3) Innate failed to timely disclose their renegotiations with AstraZeneca to split the $100 million<\/span> payment into two $50 million<\/span> payments, to be partially contingent on performance during the Phase 3 trials; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

If you purchased or otherwise acquired Innate securities, you may move the Court no later than\u00a0December 22, 2020<\/span><\/b>to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire<\/span>, of Law Offices of Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania<\/span> 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0howardsmith@howardsmithlaw.com<\/a><\/u>, or visit our website at www.howardsmithlaw.com<\/a><\/u>.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

\n Contacts<\/b>\n <\/p>\n

Law Offices of Howard G. Smith<\/span>
Howard G. Smith, Esquire<\/span>
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-innate-pharma-sa-ipha-301191924.html<\/a><\/p>\n

SOURCE Law Offices of Howard G. Smith<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BENSALEM, Pa., Dec. 14, 2020 \/PRNewswire\/ — Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0December 22, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Innate Pharma SA (“Innate” or the “Company”) (NASDAQ: IPHA) securities between March 10, 2020 and September 8, 2020, inclusive (the “Class Period”). Investors suffering losses on their Innate investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On\u00a0October 23, 2018, Innate and AstraZeneca plc (“AstraZeneca”) announced an expansion of a pre-existing collaboration agreement, whereby AstraZeneca acquired 9.8% equity stake … <\/p>\n

Continue reading “Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Innate Pharma SA (IPHA)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399280","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDeadline Reminder: Law Offices of Howard G. 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