Tyme Technologies, Inc. Securities Litigation

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Lawsuit Overview

Defendant:Tyme Technologies, Inc.
Date Filed:January 28th, 2019
Sector:Health Care
Industry:Major Pharmaceuticals

According to the Complaint, Tyme Technologies, Inc. ("Tyme" or the "Company") is a clinical-stage biotechnology company that develops novel cancer therapeutics. Tyme is currently developing SM-88, a combination therapy based on dysfunctional metyrosine derivatives for metastatic pancreatic cancer and biomarker-recurrent
prostate cancer.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) Tyme had not adequately designed the Phase II Study to present reliable results on the efficacy of SM-88 on pancreatic cancer; (ii) Tyme had failed to include an appropriate control group in its open-label Phase II clinical trial for SM-88; (iii) the omission of an appropriate control group distorted the reliability of data showing the efficacy of SM-88 in the Phase II Study; and (iv) as a result, Tyme's public statements were materially false and misleading at all relevant times.

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First Identified Complaint

Henry Canas, et al. v. Tyme Technologies, Inc., et al.

Date Filed:January 28th, 2019
Class Period Start:March 14th, 2018
Class Period End:January 18th, 2019
First Identified Complaint Filings
#Document TitleFiling Date