Solid Biosciences, Inc. (NASDAQ: SLDB)

DEFENDANT NAME: Solid Biosciences, Inc.
STOCK SYMBOL: NASDAQ: SLDB
CASE NUMBER:
COURT: U.S. District Court for the District of Massachusetts
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: January 25, 2018 - March 14, 2018
LEAD PLAINTIFF DEADLINE: May 29, 2018
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 SLDB@hbsslaw.com

Hagens Berman Sobol Shapiro LLP reminds investors in Solid Biosciences, Inc. (NASDAQ: SLDB) of the May 29, 2018 Lead Plaintiff deadline in the securities class action pending the U.S. District Court for the Northern District of Illinois.

If you purchased or otherwise acquired shares of SLDB pursuant and/or traceable to its January 25, 2018 initial public offering and/or on the open market between January 25, 2018 and March 14, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing SLDB@hbsslaw.com.

Defendants conducted an initial public offering of Solid Biosciences on or about January 25, 2018.  In this IPO, the Company sold approximately 7 million shares at $16 per share to investors.

On March 15, 2018, Defendants announced the U.S. Food and Drug Administration placed a clinical hold on the Company’s Phase 1/2 trial assessing its SGT-001 drug in patients with Duchenne muscular dystrophy.  This news drove the price of Solid Biosciences shares down $16.99, or about 65%, to close at $9.32.

The Motley Fool later reported that just prior to the IPO, a prominent researcher left its board because of risks associated with the drug delivery method for Solid Biosciences’ SGT-001 drug.

“We’re focused on investors’ losses and Defendants’ disclosures about internal concerns over the safety of the SGT-001 delivery method leading up to- and after- the IPO,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding Solid Biosciences should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email SLDB@hbsslaw.com.


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