{"id":402138,"date":"2020-12-17T11:33:24","date_gmt":"2020-12-17T16:33:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402138"},"modified":"2020-12-17T11:33:24","modified_gmt":"2020-12-17T16:33:24","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LOS ANGELES, Dec.  17, 2020  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GKBI1vAqi86jAJPBBYl_g9FGq725rrI97xvtHHritIgdZaTb0t-VFDMl-dZjmPzNpmVuZWO2r3NEtL_rWcAY8DanjTSZwdk7IMXsytF3KJU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming\u00a0<strong>December 28, 2020<\/strong> deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Zosano Pharma Corporation (\u201cZosano\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7maWQ8iuOR6APpluuTK9gCVHqCQMf5mUhAfjNjWUr53hlmC4dUV-qrpAgcoAKKdPrIXxbxPyKDbj890uyUVjKQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>ZSAN<\/u><\/a>) securities between <strong>February 13, 2017 and September 30, 2020<\/strong>, inclusive (the \u201cClass Period\u201d).<\/p>\n<p>If you suffered a loss on your Zosano investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZvEXd7jdOCOIqdahbRx9fjn9cvwX20r07s3NycNgRmW5lSGJ4RAJDoty6-aeuyoTTxOosxdXCnAi2i6bZkh104IXhM9HjoPwhs6__LE-_NWTuPZdv6ASWI3tfG-xZV97RU_9dB88N_nO6ogGQwKP6vNRGLIvXXpRmE11C-9TgTKnIlUM86vkBwuvBKPUSrlY\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.glancylaw.com\/cases\/zosano-pharma-corporation\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hkA-2cvNXY9UXZ_sh_Ew35VJHnZm65MjlFSCAIQK1DupBTW-s4XBF3vEFAJxQjwJPG87uaZnT32MJy9otUJMUkjKAClmEkgT1cK0I5IjuIdzdrGhaumuL35w4FOlAD2H\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n<p>Zosano is a clinical stage pharmaceutical company. Its lead product candidate is Qtrypta (M207), a formulation of zolmitriptan coated onto the Company\u2019s microneedle patch. Its pivotal efficacy trial, called ZOTRIP, began in July 2016. In December 2019, Zosano submitted its New Drug Application (\u201cNDA\u201d) to the U.S. Food and Drug Administration (\u201cFDA\u201d) seeking regulatory approval for Qtrypta.<\/p>\n<p>On September 30, 2020, after the market closed, Zosano disclosed receipt of a discipline review letter (\u201cDRL\u201d) from the FDA regarding its NDA for Qtrypta and stated that approval was not likely. According to the Company\u2019s press release, the FDA \u201craised questions regarding unexpected high plasma concentrations of zolmitriptan observed in five study subjects from two pharmacokinetic studies and how the data from these subjects affect the overall clinical pharmacology section of the application.\u201d The FDA also \u201craised questions regarding differences in zolmitriptan exposures observed between subjects receiving different lots of Qtrypta in the company\u2019s clinical trials.\u201d<\/p>\n<p>On this news, the Company\u2019s share price fell $0.92, or 57%, to close at $0.70 per share on October 1, 2020, on unusually heavy trading volume.<\/p>\n<p>On October 21, 2020, Zosano disclosed receipt of a Complete Response Letter (\u201cCRL\u201d) from the FDA. As a result of the previously identified deficiencies, the FDA recommended that Zosano conduct a repeat bioequivalence study between three of the lots used during development.<\/p>\n<p>On this news, the Company\u2019s share price fell $0.17, or 27%, to close at $0.4440 per share on October 21, 2020, on unusually heavy trading volume.<\/p>\n<p>The complaint filed in this class action 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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company\u2019s clinical results reflected differences in zolmitriptan exposures observed between subjects receiving different lots; (2) pharmocokinetic studies submitted in connection with the Company\u2019s NDA included patients exhibiting unexpected high plasma concentrations of zolmitriptan; (3) as a result of the foregoing differences among patient results, the FDA was reasonably likely to require further studies to support regulatory approval of Qtrypta; (4) as a result, regulatory approval of Qtrypta was reasonably likely to be delayed; and (5) as a result of the foregoing, Defendants\u2019 public statements were materially false and misleading at all relevant times.<\/p>\n<p>If you purchased\u202for otherwise acquired the Zosano\u00a0securities\u00a0during the Class Period,\u202fyou may move the Court no later <strong>December 28, 2020 <\/strong>to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no\u202faction and remain an absent member of the Class. If you wish to\u202flearn more\u202fabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact\u202fCharles\u202fLinehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hkA-2cvNXY9UXZ_sh_Ew35VJHnZm65MjlFSCAIQK1DvHGr0gWxtz1S4hrREapfZ7RwbrzMWBl3P5gf3GWUA7LDNiAIQ8U4OCTzL07O_UE0FNfJhhvQS0MWaAR708aWxv\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>shareholders@glancylaw.com<\/u><\/a>, or visit our website at\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EtXLscjMW8omJy4Ay30YwfNWAy7J6kYuW265rdwgpkNL2YBpZjJTbgaAQ8hQpJvN6jE72-Dici49wI5QkmdlWw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.glancylaw.com<\/u><\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n<p>Follow us for updates on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qxD8QecpOLGtXCwx4mZcj9pTzBadbfcm5kG86_EfaidRkhl4y0zm6nWzHDcplzm1FMPe3_P7ke1jcbjoee1rD_zgdLfNY3QQHDaUXcjwaflHKUTZVulJeWILggLWF2vO\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wlxbfTWnruRvBDmrV1JKVNS4WI5-gg5Hj2XwDYFnW4VZl2HuicpVb_bHKE4y5JJ80b142gvPfc2eJlwFxtRErg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OXQWd7NNCegsrcy6deKyolZzbq02-J51MG-XWH5gce5fhvAkRYazQYE2lMeKcEQchdf9WIHYJKEwO9_cpAFY1oS5uhD1Jd5zXSxfkWtxnG8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts<\/strong><br \/>\n        <br \/>Glancy Prongay &amp; Murray LLP, Los Angeles<br \/>Charles H. Linehan, 310-201-9150 or 888-773-9224<br \/>1925 Century Park East, Suite 2100<br \/>Los Angeles, CA 90067 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EtXLscjMW8omJy4Ay30YwTpK2j0aw8rHokEX_qf-UIx1LBFRbTTEqerKfBh1Bj6LXzjEPMKk1DsO20JNylWB94GL4vR4b_SqqyJIlWdNJiM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.glancylaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hkA-2cvNXY9UXZ_sh_Ew35VJHnZm65MjlFSCAIQK1DvOBb3OpNzYaGoHFqP_WgcsjyiUCSPBWLFKO5_iPvpExW5DmsKCwIF3babNEdLhVsidDvZ86FGWSLdFX8UimqBL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">shareholders@glancylaw.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzUyOCMzODg1MTg5IzIwMTcyOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b71c0585-541c-43bb-9937-e79b44f043c5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0December 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Zosano Pharma Corporation (\u201cZosano\u201d or the \u201cCompany\u201d) (NASDAQ: ZSAN) securities between February 13, 2017 and September 30, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Zosano investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/zosano-pharma-corporation\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN)&#8221;<\/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-402138","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0December 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Zosano Pharma Corporation (\u201cZosano\u201d or the \u201cCompany\u201d) (NASDAQ: ZSAN) securities between February 13, 2017 and September 30, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Zosano investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/zosano-pharma-corporation\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-17T16:33:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzUyOCMzODg1MTg5IzIwMTcyOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Glancy Prongay &amp; 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Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN) - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/","og_locale":"en_US","og_type":"article","og_title":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN) - Market Newsdesk","og_description":"LOS ANGELES, Dec. 17, 2020 (GLOBE NEWSWIRE) &#8212; Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming\u00a0December 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Zosano Pharma Corporation (\u201cZosano\u201d or the \u201cCompany\u201d) (NASDAQ: ZSAN) securities between February 13, 2017 and September 30, 2020, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your Zosano investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/zosano-pharma-corporation\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zosano Pharma Corporation (ZSAN)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-17T16:33:24+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMzUyOCMzODg1MTg5IzIwMTcyOTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-zosano-pharma-corporation-zsan-5\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; 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