SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

July 10, 2012 12:48 ET

SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their Investment in AEterna Zentaris, Inc. of Class Action Lawsuit and the Deadline of August 14, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Jul 10, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased AEterna Zentaris, Inc. ("AEterna" or the "Company") (NASDAQ: AEZS) securities between February 3, 2010 and April 1, 2012 (the "Class Period"). 

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The complaint alleges that AEterna and certain of its executive officers misrepresented and/or failed to accurately disclose material information about the prospects of perifosine, its development-stage colon cancer drug. On April 2, 2012 the Company announced that phase 3 clinical trials showed that perifosine administered with capecitabine was no more effective than capecitabine administered with a placebo in patients with refractory advanced colorectal cancer. Upon this news, shares of AEterna plummeted, from a closing price of $2.14 per share on March 30, 2012 to just $0.73 per share on April 2, 2012.

If you suffered a loss in AEterna you have until August 14, 2012 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 or by telephone at (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171