Genocea Beats Investor Claims It Hid Truth About Herpes Drug
Law360 (December 6, 2018, 7:55 PM EST) -- A Massachusetts federal judge dismissed a proposed investor class action Thursday against Genocea Biosciences Inc., saying accusations that the company hid negative test results before announcing it could not finance ongoing trials for a genital herpes immunotherapy were not sufficiently supported for the case to proceed.
The case largely rested on the investors' claim that the Cambridge-based company deliberately withheld the results of six-month followup tests for the drug's second phase of clinical trials in early 2017. But U.S. District Judge Patti B. Saris said in her order that, because the company later released 12-month testing results that did not cause...
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