NEW YORK, June 14, 2017 /PRNewswire-USNewswire/ -- Faruqi
& Faruqi, LLP, a leading national securities law firm, reminds investors in Roche Holding AG ("Roche" or the "Company")
(Other OTC:RHHBY) of the August 7, 2017 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.
If you invested in Roche stock or options between March 2, 2017 and June 5, 2017 and would like to discuss your legal rights, click here:
www.faruqilaw.com/RHHBY. There is no cost or
obligation to you.
You can also contact us by calling Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The lawsuit has been filed in the U.S. District Court for the District of New Jersey on
behalf of all those who purchased Roche securities between March 2, 2017 and June 5, 2017 (the "Class Period"). The case, Biondolillo v. Roche Holding AG et al., No.
3:17-cv-04056 was filed on June 6, 2017.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or
misleading statements and/or failing to disclose that: (1) the combination of the Company's breast cancer drug, Perjeta and its
older treatment, Herceptin, is only marginally more effective than Herceptin alone in preventing breast cancer; and (2) as a
result, the Company's statements about its business, operations and prospects were materially false and misleading and/or lacked
a reasonable basis.
Specifically, on June 5, 2017, the Company issued a press release entitled, "APHINITY study
shows Roche's Perjeta-based regimen reduced the risk of invasive cancer returning compared to Herceptin and chemotherapy in
HER2-positive early breast cancer." Following this release, Financial Times published an article stating that
oncologists may refrain from using the Company's new combination of Perjeta and Herceptin going forward as a result of Roche's
latest trial results. Additionally, Bloomberg Quint published an article stating that
Roche's latest trial results do not justify switching a majority of patients to Roche's new combination treatment. Lastly,
Fox Business published an article that discussed the concerns of medical professionals regarding Roche's trial
results.
On this news, Roche's share price fell from $34.37 on June 2, 2017
to a closing price of $32.61 on June 5, 2017—a $1.76 or a 5.12% drop.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who
is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of
the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and
remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff
or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Roche's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome
with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated
in a confidential manner.
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SOURCE Faruqi & Faruqi, LLP