NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces it has commenced an investigation of XBiotech Inc. (“XBiotech”) (NASDAQ:XBIT) concerning possible violations of federal securities laws.
On April 20, 2017, XBiotech announced that the European Medicines Agency rendered a negative trend vote after meeting with the Company to discuss its marketing authorization application ("MAA") for XBiotech's candidate antibody for the treatment of colorectal cancer. The negative trend vote indicates that it is unlikely that the Committee for Medicinal Products for Human Use will vote in favor of the MAA at its formal decision vote scheduled for May. Following this news, shares of XBiotech were down more than 40% on intraday trading on April 21, 2017. To obtain additional information, go to:
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