TALIS BIOMEDICAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Talis Biomedical Corporation and Encourages Investors to Contact the Firm – Lawyer Monthly

NEW YORK– (BUSINESS WIRE) – # Biomedical – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed against Talis Biomedical Corporation (“Talis Biomedical” or the “Company”) (NASDAQ : TLIS) in the United States District Court for the Northern District of California on behalf of all natural persons and legal entities who have bought or otherwise acquired Talis Biomedical securities in accordance with the IPO on February 12, 2021 and / or are attributable to it. Investors have until March 8, 2022 to apply to the court for appointment as the lead plaintiff in the litigation.

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The complaint filed in this class action alleges that the registration statement was false, misleading, and did not indicate any material adverse facts. In particular, the defendants did not disclose to investors: (1) that the comparative test in the primary study was not sufficiently sensitive to support Talis’ EUA application for the Talis One COVID-19 test; (2) that as a result, Talis was likely to have experienced delays in gaining regulatory approval for the Talis One COVID-19 test; (3) that as a result, the company’s commercialization schedule would be significantly delayed; and (4) that, based on the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and / or improperly based.

At the start of this promotion, Talis stock was trading at just $ 3.81 per share, a drop of more than 76% from its IPO price of $ 16 per share.

If you have bought or otherwise acquired Talis securities and have suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this release or your rights or interests in relation to these matters, please contact Brandon Walker or Alexandra Raymond via email at [email protected], phone at (212) 355-4648 or fill out this contact form. There are no costs or obligations for you.

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.

contacts

Bragar Eagle & Squire, PC

Brandon Walker, Esq.

Alexandra B. Raymond, Esq.

(212) 355-4648

[email protected]
www.bespc.com

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