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AVEO Oncology Reports Second Quarter 2021 Financial Results and Provides Business Update
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AVEO Oncology Reports First Quarter 2021 Financial Results and Provides Business Update
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Name: Chris Bouton (STS, 1992)
Job Title: CEO, Vyasa Analytics
About Chris: Chris is the CEO of Vyasa Analytics, applying novel deep learning approaches for enterprise clients. Previously, Chris was the CEO of Entagen a software company founded in 2008 that provided innovative Big Data products including Extera and TripleMap. Prior to his role as the CEO of Entagen, he worked as a computational biologist at LION Bioscience Research Inc. and Aveo Pharmaceuticals from 2001 and 2004, leading the microarray data analysis functions at both companies. Chris is an author on over a dozen scientific papers and book chapters and his work has been covered in a number of industry news articles.
2020 Filings
While there was a more than 20 percent decline in the number of securities class actions filed in 2020 (approximately 330 cases) as compared to 2019 (approximately 430 cases), the percentage of cases filed against life sciences companies remained steady at more than 20 percent of the total.
1 Only a half dozen of the new 2020 filings related to COVID-19.
These statistics illustrate that life sciences companies remain attractive targets for securities class action plaintiffs. This is so for several reasons. The uncertainties facing drug and medical device companies are often binary success or failure of a clinical trial or approval or rejection of a new drug application by the U.S. Food and Drug Administration (FDA). If the clinical hypothesis being tested is not proven or even if a demonstrated clinical benefit is not seen as sufficiently meaningful or if safety and tolerability profiles are not acceptable, life sciences companies stock prices often immediately drop
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