SILVERBACK ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Silverback Therapeutics, Inc. and Encourages Investors to Contact the Firm – Lawyer Monthly
NEW YORK– (BUSINESS WIRE) – # Securities – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed against Silverback Therapeutics, Inc. (“Silverback” or the “Company”) (NASDAQ: SBTX) in the United States District Court for the Western District of Washington on behalf of all individuals and legal entities holding Silverback securities between December 3, 2020 and the “10” Period and / or pursuant to the IPO on December 3 2020. Investors have until January 4, 2021 to apply to the court for appointment as the lead plaintiff in the dispute.
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According to the complaint filed, (i) Silverback’s lead product candidate, SBT6050, which is in a Phase I / Ib clinical trial, a TLR8 agonist linker payload conjugated to a HER2-targeting monoclonal antibody targeting tumors such as Breast, stomach, and non-small cell lung cancer, was less effective than the company had shown investors; (ii) accordingly, the Company had overstated the commercial and / or clinical prospects of SBT6050; and (iii) as a result, Defendants’ offer documents and public statements during the Class Action Period were materially inaccurate and / or misleading and did not contain any information required to be disclosed therein.
If you have bought or otherwise acquired Silverback stock 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 Email Brandon Walker or Alexandra Raymond at firstname.lastname@example.org, call (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.
Bragar Adler & Knappe, PC
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.