Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Intra-Cellular Therapies Inc (NASDAQ: ITCI) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Intra-Cellular Therapies Inc (NASDAQ: ITCI) concerning whether a series of statements by Intra-Cellular Therapies Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 18, 2018, the Company revealed in a press release that "an independent data monitoring committee (DMC) has completed a pre-specified interim analysis of the Company's ongoing clinical trial with low-dose lumateperone (9 mg ITI-007) for the treatment of agitation in patients with probable Alzheimer's disease (Study 201)." According to Intra-Cellular Therapies: "the DMC concluded that Study 201 is not likely to meet its primary endpoint upon completion and therefore recommended the study should be stopped for futility. As a result of this recommendation, the Company has determined to discontinue Study 201."
On this news, NASDAQ: ITCI fell sharply during intraday trading on December 18, 2018.
Based in New York, New York, Intra-Cellular Therapies Inc engages in developing novel drugs for the treatment of neuropsychiatric and neurodegenerative diseases.
If you purchased shares of Intra-Cellular Therapies Inc (NASDAQ: ITCI) on or before December 18, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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