SAN DIEGO, Nov. 16, 2016 /PRNewswire/ -- Johnson & Weaver, LLP announces that a class action complaint was filed on behalf of purchasers of Cempra, Inc. (NASDAQ:CEMP) securities during the period between May 1, 2016 and November 1, 2016. (the "Class Period").
Cempra is a clinical-stage pharmaceutical company that focuses on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases in North America. According to the complaint, throughout the Class Period defendants issued false and misleading statements to investors and failed to disclose that: (1) one of Cempra's lead product candidate, solithromycin, posed considerable safety risks for hepatotoxicity; and (2) as a result of the foregoing, Cempra's public statements were materially false and misleading at all relevant times. When the factual information became known, the complaint claims that investors suffered damages. Plaintiff seeks to recover damages on behalf of all purchasers of Cempra securities during the Class Period. If you wish to serve as lead plaintiff, you must move the Court no later than January 3, 2017. If you have any questions concerning this notice, or if you purchased stock before the May 1, 2016, class period, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.