NEW YORK, July 30, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Celladon Corporation ("Celladon") (NASDAQGM:
CLDN) between July 7, 2014 and
June 25,
2015.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Southern District of
California. If you purchased or
otherwise acquired Celladon Corporation securities between
July 7, 2014 and June 25, 2015, your rights may be
affected by this action. To get more information go
to:
http://zlk.9nl.com/celladon-cldn
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that during the Class Period defendants
made false and misleading statements and/or failed to disclose
adverse information regarding the Company's prospects for its lead
drug candidate, MYDICAR, for treating enzyme deficiency in heart
failure patients that results in inadequate pumping of the
heart.
On April 26, 2015, Celladon
announced that the Company's Phase 2b CUPID2 trial of MYDICAR did
not meet its primary and secondary goals. Then on June 1, 2015, Celladon issued a press release
announcing the abrupt resignation of the Company's Chief Executive
Officer. Then, on June 26, 2015,
Celladon announced the suspension of its plans for further research
or development of its MYDICAR program and other pre-clinical
programs, indicating there was a possibility that the Company could
be liquidated with net cash available to shareholders of
$25-$30 million.
If you suffered a loss in Celladon you have until
August 31, 2015 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.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
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
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
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SOURCE Levi & Korsinsky, LLP