LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 in Tyme
Technologies, Inc. to Contact the Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Tyme Technologies, Inc. (“Tyme” or the
“Company”) (NASDAQ:TYME) of the March 29, 2019 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 Tyme stock or options between March 14, 2018 and January 18, 2019 and would like to discuss your legal
rights, click here:
www.faruqilaw.com/Tyme. 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.
The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased
Tyme securities between March 14, 2018 and January 18, 2019 (the “Class Period”). The case, Canas v. Tyme Technologies, Inc. et
al., No. 19-cv-00843 was filed on January 28, 2019, and has been assigned to Judge Ronnie Abrams.
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) Tyme had not adequately designed the Phase II Study to present reliable results on
the efficacy of SM-88 on pancreatic cancer; (2) Tyme had failed to include an appropriate control group in its openlabel Phase II
clinical trial for SM-88; (3) the omission of an appropriate control group distorted the reliability of data showing the efficacy
of SM-88 in the Phase II Study; and (4) as a result, Tyme’s public statements were materially false and misleading at all relevant
times.
Specifically, on January 18, 2019, Tyme reported results from the Phase II Study. Although Tyme characterized the results as
positive, stating that SM-88 “improves survival,” the trial did not include a control group, and Tyme’s announcement merely
compared survival data to historical controls. Market commentators were quick to highlight this glaring deficiency in the Phase II
Study.
On this news, the Company's stock price fell from $3.73 per share on January 17, 2019 to $2.41 per share on January 18, 2018—a
$1.32 or 35.39% 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 Tyme’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.
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20190319005872/en/