Soreide Law Group has been contacted by several investors who purchased Celsion Corp., through the brokerage firm of J.D. Nicholas & Associates. Theses investors are considering pursuing individual claims against J.D. Nicholas for potential sales practice violations through FINRA, The Financial Industry Regulatory Authority.
On January 30th, Celsion Corp., symbol “CLSN”, dropped from $7.78 per share to $1.51 in one day. Celsion Corporation, an oncology drug development company, engages in the development and commercialization of targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company develops ThermoDox, a liposomal encapsulation of doxorubicin, which is under Phase III clinical trial for primary liver cancer; under phase II clinical trial for colorectal liver metastasis; and under phase II clinical trial for treatment of recurrent chest wall breast cancer. It has a development, product supply, and commercialization agreement with Yakult Honsha Co. for ThermoDox; The company was founded in 1982 and is based in Lawrenceville, New Jersey.
If you bought CLSN from a J.D. Nicholas broker and sustained significant losses contact Soreide Law Group at (888) 760-6552 or visit https://www.securitieslawyer.com.