STML Stemline Therapeutics Inc

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of Stemline Therapeutics, Inc.

Levi & Korsinsky announces it has commenced an investigation of Stemline Therapeutics, Inc. (NASDAQ:STML) concerning possible violations of federal securities laws.

On January 19, 2017, Stemline announced its proposed public Offering. Then on February 2, 2017, Bloomberg reported that a patient in a clinical trial of the Company’s cancer drug SL-401 died from a severe side effect—the third death linked to the same SL-401 toxicity. Upon this news, shares of Stemline were down more than 37% on intraday trading on February 2, 2017. A report from TheStreet.com indicates that one of the patient deaths occurred on January 18, 2017, and was not disclosed to investors who bought shares pursuant to the Offering. Upon this news, shares of Stemline were down more than 38% on intraday trading on February 2, 2017. To obtain additional information, go to:

http://zlk.9nl.com/stemline-therapeutics-stml

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

EN
02/02/2017

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 PRESS RELEASE

Menarini Group to Acquire Stemline Therapeutics in Transaction Valued ...

Menarini Group to Acquire Stemline Therapeutics in Transaction Valued at Up to $677 Million Acquisition of Stemline establishes Menarini’s presence in the U.S. biopharmaceutical oncology market  Menarini will support further development of Stemline’s ELZONRIS® and enable global expansion by leveraging its commercial infrastructure in Europe and other ex-U.S. geographies Total potential consideration of $12.50 per share comprising $11.50 cash and $1.00 Contingent Value Right (CVR) FLORENCE, Italy and NEW YORK, May 04, 2020 (GLOBE NEWSWIRE) -- Menarini Group, a privately held Italian phar...

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