NEW YORK, May 2, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Sunesis Pharmaceuticals Inc. ("Sunesis" or the "Company") (NASDAQ: SNSS).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to appropriately disclose the suitability of the Company's treatment for elapsed/refractory acute myeloid leukemia ("AML"), vosaroxin, to receive approval in Europe.
Specifically, on May 2, 2017, Sunesis announced that the Company will withdraw its European Marketing Authorization Application for vosaroxin, following recent interactions with the European Medicine Agency's Committee for Medicinal Products for Human Use. The Company announced that it had learned that the committee was likely to formally adopt a negative opinion in its evaluation of the product, leading to its withdrawal.
On this news, Sunesis's share price fell from $3.66 per share on May 1, 2017 to a closing price of $2.96 on May 2, 2017—a $0.70 or a 19% drop.
If you invested in Sunesis stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/SNSS. 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 email@example.com.
FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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