GlobeNewswire Inc | Sep 8, 2020 03:43PM EDT

September 08, 2020

NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP (Wolf Haldenstein) announces that a federal securities class action lawsuit has been filed in the United States District Court for the Middle District of North Carolina on behalf of investors that purchased Fennec Pharmaceuticals, Inc. (NASDAQ: FENC) (Fennec or the Company) securities between February 11, 2020 and August 10, 2020 (the Class Period).

All investors who purchased shares of Fennec Pharmaceuticals, Inc.and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.

If you have incurred losses in the shares of Fennec Pharmaceuticals, Inc., you may,no later than November 2, 2020, request that the Court appoint you lead plaintiff of the proposed class.

CLICK HERE TO JOIN THIS CASE

On August 11, 2020, Fennec disclosed that it had received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) regarding the Companys New Drug Application for PEDMARK. According to the CRL, after recent completion of a pre-approval inspection of the manufacturing facility of [Fennecs] drug product manufacturer, the FDA identified deficiencies resulting in a Form 483, which is a list of conditions or practices that are required to be resolved prior to the approval of PEDMARK.

On this news, the Companys share price fell $3.51, or 34%, to close at $6.66 per share on August 11, 2020.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLPKevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: gstone@whafh.com, kcooper@whafh.comor classmember@whafh.comTel: (800) 575-0735 or (212) 545-4774

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