GlobeNewswire Inc | Jan 31, 2022 08:21PM EST

February 01, 2022

NEW YORK, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Talis Biomedical Corporation (Talis or the Company) (NASDAQ:TLIS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Talis and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On August 10, 2021, Talis reported its second quarter 2021 financial results. Discussing its results on the related earnings call, the Company revealed that its development timelines have been extended by delays in the launching of [Taliss] COVID-19 test and manufacturing scale. On this news, Taliss stock price fell $0.58 per share, or 6%, to close at $8.39 per share on August 11, 2021. Then, on August 30, 2021, post-market, Talis announced the resignation of its Chief Executive Officer (CEO) Brian Coe. On this news, Taliss stock price fell $1.00 per share, or 11%, to close at $8.06 per share on August 31, 2021. Finally, on December 8, 2021, Talis announced that Brian Blaser, who had been appointed CEO on November 15, 2021, had stepped down from his positions at the Company.

On this new, Taliss stock price fell $0.55 per share, or 11.39%, to close at $4.28 per share on December 8, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980