ibio inc (IBIO) Key Developments
Levi & Korsinsky Announces Class Action Lawsuit iBio, Inc
Dec 1 14
Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the District of Delaware on behalf of investors who purchased iBio, Inc. securities between October 13, 2014 and October 23, 2014. The complaint alleges that during the class period, the company issued materially false and misleading statements to investors by wrongfully suggesting that the company's launch platform patents and related proprietary technology would be licensed by the makers of the experimental Ebola drug, ZMapp. The complaint alleges that when the true facts were revealed, the price of the company's stock fell significantly, damaging investors.
iBio, Inc., Annual General Meeting, Dec 10, 2014
Nov 12 14
iBio, Inc., Annual General Meeting, Dec 10, 2014., at 10:00 US Eastern Standard Time. Location: Omni Berkshire Place Hotel, 21 East 52 Street. Agenda: To elect two directors each to serve as Class III directors for a three year term expiring at the 2017 annual meeting of stockholders or until successors have been duly elected and qualified; to ratify the appointment of CohnReznick LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2015; to approve an advisory vote on executive compensation; and to transact any other business properly brought before the annual meeting.
The Rosen Law Firm Files Class Action Lawsuit Against iBio, Inc
Oct 25 14
The Rosen Law Firm announced that it has filed a class action lawsuit against iBio, Inc. on behalf of all purchasers of the company's common stock between October 13, 2014 and October 23, 2014, inclusive. The lawsuit seeks to recover damages for iBio shareholders under the federal securities laws. The suit is pending in U.S. District Court for the District of Delaware. The lawsuit claims that iBio issued materially false and misleading statements to investors by wrongfully suggesting that iBio's Launch platform patents and related proprietary technology would be licensed by the makers of the experimental Ebola drug, ZMapp. The lawsuit claims that when the true facts were revealed, the price of iBio's stock dropped, damaging investors.
iBio, Inc. Expands Exclusive Product Collaboration With Novici Biotech LLC
Oct 22 14
iBio, Inc. and Novici Biotech LLC (Novici) have agreed to broaden their commercial collaboration, currently focused on antibodies and certain vaccine products, to include iBio's proprietary IBIO-CFB03 product for idiopathic pulmonary fibrosis, systemic sclerosis and other fibrotic diseases. This expanded program will combine the strength of the iBioLaunch(TM) platform with Novici's patented GRAMMR(R) technology for rapid evolution of gene sequences to significantly increase expression yield of target proteins. IBIO-CFB03 and related proteins have been produced in plants on the iBioLaunch platform substantially more quickly and cost-effectively than has been possible with traditional methods. By combining the strengths of the iBioLaunch platform with Novici's GRAMMR technology, iBio expects to drive production efficiency even further as the fibrosis team initiates expanded animal testing and additional IND-enabling tasks.
Thomas A. Medsger Joins iBio, Inc.'s Clinical Advisory Board
Sep 2 14
iBio, Inc. has appointed Thomas A. Medsger Jr., M.D., to its clinical advisory board. Dr. Medsger is an expert in systemic sclerosis and localized scleroderma. Dr. Medsger will provide iBio with guidance on the further development and commercialization of the company's novel drug candidate, IBIO-CFB03, for idiopathic pulmonary fibrosis (IPF), systemic sclerosis (SSc), and other fibrotic diseases.