NEW YORK, Dec. 5, 2013 /PRNewswire/ -- Levi & Korsinsky
announces that a class action lawsuit has been commenced in the
United States District Court for the District of Massachusetts on behalf of investors who
purchased ARIAD Pharmaceuticals, Inc. ("ARIAD" or the "Company")
(NASDAQ GS: ARIA) stock between December 12,
2011 and October 8, 2013. The
Complaint alleges that throughout the Class Period defendants made
false and misleading statements regarding the safety and efficacy
of the leukemia drug Iclusig.
(Logo:
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO)
For more information, click here:
http://zlk.9nl.com/ariad-pharmaceuticals-aria.
On October 9, 2013, ARIAD
announced that its leukemia drug Iclusig causes more side effects
than previously reported; the Company also announced it would halt
enrollment in its clinical trials and instruct current Iclusig
users to lower their dosage. The Company disclosed that serious
arterial thrombosis occurred in 11.8% of Iclusig-treated patients,
and that 6.2% of the patients had cerebrovascular events. On this
news, ARIAD shares declined $11.31
per share to close at $5.83 per share
on October 9, 2013.
If you suffered a loss in ARIAD you have until December 9, 2013 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/ariad-pharmaceuticals-aria.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm has 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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP