TESARO Inc (NASDAQ:TSRO) Investor Securities Class Action Lawsuit 01/17/2018

If you purchased a significant amount of shares of TESARO Inc (NASDAQ:TSRO) between March 14, 2016 and January 12, 2018, and / or if you purchased any NASDAQ:TSRO shares prior to March 14, 2016 and January 12, 2018 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: March 19, 2018. NASDAQ:TSRO investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
TESARO
Case Name: 
TESARO Shareholder Class Action Lawsuit 01/17/2018
Case Status: 
Lawsuit Filed
Affected Securities
NASDAQ: TSRO
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
01/17/2018
Class Period Begin: 
03/14/2016
Class Period End: 
01/12/2018
Court of Filing: 
U.S. District Court for the District of Massachusetts
Deadline To File for Lead: 
03/19/2018
Summary: 

An investor in shares of TESARO Inc (NASDAQ:TSRO) filed a lawsuit in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by TESARO Inc in connection with certain allegedly false and misleading statements made between March 14, 2016 and January 12, 2018.

Waltham, MA based TESARO, Inc. is an oncology-focused biopharmaceutical company that operates through the business of developing and commercializing of oncology-focused therapeutics segment. TESARO Inc’s product portfolio has included Varubi (rolapitant), a neurokinin-1 (NK-1) receptor antagonist for the prevention of chemotherapy induced nausea and vomiting. In 2015, the U.S. Food and Drug Administration (“FDA”) approved an oral version of Varubi. On March 14, 2016, TESARO Inc announced the submission of a New Drug Application for an intravenous formulation of Varubi to the FDA. TESARO Inc reported that its annual Total Revenue rose from $0.32 million in 2015 to $44.82 million in 2016. On October 25, 2017, TESARO Inc announced the FDA’s approval of its intravenous version of Varubi.

Then, on January 12, 2018, TESARO Inc announced that it had updated the U.S. labeling for Varubi (rolapitant), indicated for the prevention of delayed nausea and vomiting associated with chemotherapy, after receiving reports of "[a]naphylaxis, anaphylactic shock and other serious hypersensitivity reactions . . . in the postmarketing setting, some requiring hospitalization." TESARO Inc further stated that it "has issued a Dear Healthcare Professional (DHCP) letter."

Shares of TESARO Inc (NASDAQ:TSRO) declined to $61.68 per share on January 17, 2018.
According to the complaint the plaintiff alleges on behalf of purchasers of TESARO Inc (NASDAQ:TSRO) common shares between March 14, 2016 and January 12, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 14, 2016 and January 12, 2018, the Defendants made false and/or misleading statements and/or failed to disclose that substantial undisclosed health risks, including anaphylaxis and anaphylactic shock, were associated with Tesaro’s intravenous formulation of Varubi, and that as a result of the foregoing, Tesaro’s shares traded at artificially inflated prices between March 14, 2016 and January 12, 2018, and class members suffered significant losses and damages.