SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 25, 2016 10:35 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of NewLink Genetics Corporation of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 11, 2016 -- NLNK

NEW YORK, NY--(Marketwired - May 25, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of NewLink Genetics Corporation ("NewLink") (NASDAQ: NLNKbetween September 17, 2013 and May 9, 2016.

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired NewLink securities between September 17, 2013 and May 9, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/newlink-genetics-corporation.

The complaint alleges that NewLink continuously touted the effectiveness and favorable safety profile of the company's lead product candidate, algenpantucel-L, an immunotherapeutic pancreatic cancer treatment. As a result of such public statements, the stock price traded at artificially high levels throughout the class period.

On May 9, 2016, NewLink announced that algenpantucel-L did not achieve its primary endpoint. Patients treated with algenpantucel-L lived for a median of 27.3 months in NewLink's Phase 3 Clinical Trial, compared to median survival of 30.4 months for patients treated with standard therapy. Following this news, shares of NewLink were down more than 30% during intraday trading May 10, 2016.

If you suffered a loss in NewLink you have until July 11, 2016 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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/newlink-genetics-corporation.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    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