| Company: | AstraZeneca PLC |
| Ticker Symbol: | NYSE: AZN |
| Class Period: | April 2, 2003 to October 11, 2004 |
| Date Filed: | Jan-28-05 |
| Lead Plaintiff Deadline: | Mar-28-05 |
| Court: | District, MA |
| Allegations: |
A class action has been filed in the United States District Court for the District of
Massachusetts on behalf of all persons who purchased American Depository
Receipts ("ADRs") of AstraZeneca, PLC (NYSE: AZN) ("AstraZeneca") between
April 2, 2003 and October 11, 2004, inclusive (the "Class Period"). Also
included are investors who acquired securities on foreign markets.
The Complaint alleges that AstraZeneca, a pharmaceutical research company, and certain of its officers and directors issued materially false statements concerning the results of the clinical trials of the Company's investigational oral anticoagulant Exanta, and the status and likelihood of the approval of the New Drug Application for Exanta. These statements caused the Company's stock/ADR prices to rise until September 9, 2004, when the U.S. Food & Drug Administration ("FDA") posted briefing documents on the FDA's website which raised previously unheard-of problems with Exanta. Then, on October 11, 2004 AstraZeneca issued a press release stating, that they received an Action Letter from the FDA for Exanta. The release stated that "the US Food and Drug Administration (FDA) did not grant approval for the investigational oral anticoagulant EXANTA(R) (ximelagatran)." On this news, AstraZeneca stock fell to $38 per share. During the Class Period, AstraZeneca traded as high as $51.20 per share on March 9, 2004.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The Complaint alleges that AstraZeneca, a pharmaceutical research company, and certain of its officers and directors issued materially false statements concerning the results of the clinical trials of the Company's investigational oral anticoagulant Exanta, and the status and likelihood of the approval of the New Drug Application for Exanta. These statements caused the Company's stock/ADR prices to rise until September 9, 2004, when the U.S. Food & Drug Administration ("FDA") posted briefing documents on the FDA's website which raised previously unheard-of problems with Exanta. Then, on October 11, 2004 AstraZeneca issued a press release stating, that they received an Action Letter from the FDA for Exanta. The release stated that "the US Food and Drug Administration (FDA) did not grant approval for the investigational oral anticoagulant EXANTA(R) (ximelagatran)." On this news, AstraZeneca stock fell to $38 per share. During the Class Period, AstraZeneca traded as high as $51.20 per share on March 9, 2004.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
Register your Case
If you feel you qualify for damages or remedies that might be awarded in this AstraZeneca class action please fill in our form on the right to submit your complaint.
If you are a current or former employee of this company, and have 401(k) shares, please use this form to register your complaint. Thank you.
