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SCYNEXIS, Inc.

Period: May 2, 2014 to Mar 2, 2017

Lead Plaintiff Deadline: May 8, 2017

Summary of Case:

A securities class action has been filed against SCYNEXIS, Inc. ("Scynexis") (NASDAQ:SCYX) on behalf of a class consisting of investors who purchased or otherwise acquired Scynexis securities: (1) pursuant and/or traceable to Scynexis' false and misleading Registration Statement and Prospectus, issued in connection with the Company's initial public offering on or about May 2, 2014 (the "IPO" or the "Offering"); and/or (2) on the open market between May 2, 2014 and March 2, 2017.  This case has been filed in the USDC - New Jersey.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Scynexis's lead product SCY-078 entailed substantial undisclosed health and safety risks; (ii) consequently, the Company had overstated the drug's approval prospectus and/or commercial viability; and (iii) as a result of the foregoing, Scynexis's public statements were materially false and misleading at all relevant times.   

On March 2, 2017, post-market, Scynexis issued a press release, attached as Exhibit 99.1 on Form 8-K, entitled "Scynexis delays initiation of new clinical studies using the IV formulation of SCY-078 at FDA's request," announcing the FDA's clinical hold on clinical trials for the intravenous formulation of the Company's lead product candidate SCY-078.   The Company stated that "[t]he clinical hold decision was issued by the FDA following a review of three mild-to-moderate thrombotic events in healthy volunteers receiving the IV formulation of SCY-078 at the highest doses and highest concentrations in a Phase 1 study."  On this news, Scynexis's share price fell $0.57, or 17.43%, to close at $2.70 on March 3, 2017.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.

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