NEW YORK, Jan. 3, 2013 /PRNewswire/ -- Morgan & Morgan announced today that it has begun a securities class action investigation of ISIS Pharmaceuticals, Inc. (ISIS) for potential violations of federal securities laws. If you purchased shares of ISIS common stock between March 3, 2012 and Oct. 15, 2012, you are encouraged to contact George Pressly, Esq. at Morgan & Morgan at 1 (800) 631-6234 or email George at email@example.com.
On October 16, 2012, the U.S. Food and Drug Administration ("FDA") published a clinical briefing document questioning the safety and efficacy of Kynamro. A lawsuit filed in the U.S. District Court for the Southern District of California alleges that prior to October 16, 2012 ISIS conditioned investors to believe that Kynamro (mipomersen sodium), one of the drugs in its pipeline, would receive approval from the FDA through a host of materially false and misleading statements regarding the safety and efficacy of the drug, as well as reportedly positive results from Kynamro's phase three clinical trial.
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