Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Jan. 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises BioLineRx Ltd. (“BioLineRx” or the “Company”) (NASDAQ:BLRX) investors that a lawsuit filed on behalf of investors that purchased BioLineRx securities (NASDAQ:BLRX)February 23, 2021 and September 19, 2022, both dates inclusive (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The lawsuit claims that throughout the class period, the defendants made false and/or misleading statements and/or failed to disclose important information about the company's financial state and the development of a drug called Motixafortide. Specifically, the lawsuit claims that the company did not have enough funding to develop the drug, that it would require a loan and securities offering to launch the drug, and that these factors made the company's statements about its business, operations, and prospects misleading and without reasonable basis. As a result of these false statements, investors suffered damages.
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