The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of HUTCHMED (China) Limited (“HUTCHMED” or “the Company”) (NASDAQ: HCM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. HUTCHMED announced on May 2, 2022, that the FDA had rejected the Company’s application for surufatinib to treat certain neuroendocrine tumors. According to the FDA, the Company’s application did not support approval and did not include the required multi-regional clinical trial. Based on this news, HUTCHMED ADSs fell by 18% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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