SAN FRANCISCO, April 05, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in Solid
Biosciences, Inc. (NASDAQ:SLDB) to the May 29, 2018 Lead Plaintiff deadline in the securities
class action pending in the United States District Court for the District of Massachusetts. If you purchased Solid
Biosciences securities pursuant and/or traceable to its January 25, 2018 initial public offering and/or on the open market
between January 25, 2018 and March 14, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more
information, visit:
https://www.hbsslaw.com/cases/SLDB
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
SLDB@hbsslaw.com.
Defendants conducted an initial public offering of Solid Biosciences on or about January 25, 2018. In this IPO, the Company
sold approximately 7 million shares at $16 per share to investors.
On March 15, 2018, Defendants announced the U.S. Food and Drug Administration placed a clinical hold on the Company’s Phase 1/2
trial assessing its SGT-001 drug in patients with Duchenne muscular dystrophy. This news drove the price of Solid Biosciences
shares down $16.99, or about 65%, to close at $9.32.
The Motley Fool later reported that just prior to the IPO, a prominent researcher left its board because of risks
associated with the drug delivery method for Solid Biosciences’ SGT-001 drug.
“We’re focused on investors’ losses and Defendants’ disclosures about internal concerns over the safety of the SGT-001 delivery
method leading up to- and after- the IPO,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Solid Biosciences should consider their
options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program,
whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by
the SEC. For more information, call Reed Kathrein at 510-725-3000 or email SLDB@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across
the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More
about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000