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Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against AVEO Pharmaceuticals, Inc.LOS ANGELES --(Business Wire)-- Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of a class (the "Class") comprising all purchasers of the securities of AVEO Pharmaceuticals, Inc. ("AVEO" or the "Company") (NASDAQ: AVEO) between January 3, 2012 and May 1, 2013, inclusive (the "Class Period"). Investors who have losses of $200,000 or more are encouraged to contact the firm for information concerning a lead plaintiff position in the shareholder lawsuit. A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (310) 201-9150 OR (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT [email protected]. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED. AVEO engages in discovering, developing, and commercializing targeted cancer therapies. The Complaint alleges that defendants issued materially false and misleading statements throughout the Class Period regarding the Phase III trial design and results for the Company's drug Tivopath, or tivozanib, for the treatment of advanced kidney cancer. Specifically, defendants misrepresented or failed to disclose: (1) that the FDA had recommended that the Company conduct an additional Phase III trial due to adverse trends in the Company's first Phase III trial; (2) the 25% higher rate of death associated with tivozanib therapy compared to the control drug, sorafenib; (3) that almost 90% of the patients studied in TIVO-1 were enrolled from sites in Central and Eastern Europe with inconsistent treatment patterns from those in the U.S.; and (4) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times. If you are a member of the Class described above and meet certain legal requirements, you may move the Court no later than July 8, 2013 to serve as lead plaintiff. To learn more, or if you purchased AVEO stock prior to the Class Period, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, or at (310) 201-9150, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, Toll Free at (888) 773-9224, by e-mail to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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