SAN DIEGO, Nov. 22, 2016 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP ("Robbins Geller") ( http://www.rgrdlaw.com/cases/cempra/) today announced that a class action has been commenced on behalf of purchasers of Cempra, Inc. ("Cempra") (NASDAQ:CEMP) common stock during the period between October 22, 2015 and November 1, 2016 (the "Class Period"). This action was filed in the Middle District of North Carolina and is captioned Pasqual v. Cempra, Inc., et al., No. 16-cv-1356.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from November 4, 2016. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Darren Robbins of Robbins Geller at 800/449-4900 or 619/231-1058, or via e-mail at email@example.com. If you are a member of this class, you can view a copy of the complaint as filed at http://www.rgrdlaw.com/cases/cempra/. 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. The complaint charges Cempra and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Cempra is a clinical-stage biopharmaceutical company that develops antibiotics for the treatment of infectious diseases. Cempra's lead product, solithromycin, is being developed in oral capsule, intravenous and suspension formulations for the treatment of community-acquired bacterial pneumonia ("CABP"), as well as for other indications.