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Company: Allos Therapeutics Inc.
Ticker Symbol: NASD: ALTH
Class Period: May 29, 2003 to May 3, 2004
Court: District, CO
Date Filed: May-19-04
Lead Plaintiff Deadline: Jul-19-04
Allegations:
A class action lawsuit was filed on May 19, 2004 in the United States District Court for the District of Colorado, on behalf of persons who purchased or otherwise acquired publicly traded securities of Allos Therapeutics Inc. ("Allos" or the "Company") (NASDAQ:ALTH) between May 29, 2003 and May 3, 2004, inclusive, (the "Class Period"). The lawsuit was filed against Allos and Michael Hart ("Defendants").

The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically the complaint alleges that Allos misled the investing public by issuing a series of materially false and misleading statements highlighting the purported efficacy of the Company's radiation sensitizer RSR13 ("Efaproxiral") for the treatment of brain metastases in patients with breast cancer, as well as the likelihood that this drug would receive approval from the U.S. Food and Drug Administration ("FDA").

On April 30, 2004 and May 3, 2004, it was announced by the Oncologic Drugs Advisory Committee ("ODAC") of the FDA, that it concluded by a 16-1 vote, to recommend that the FDA not approve Efaproxiral. In recommending rejection of Efaproxiral, the ODAC found that "the evidence of drug efficacy needs to be much stronger to be convincing." As a result of this announcement, the price of Allos shares fell $2.09, or 45% to close at $2.55 on extraordinary volume.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.


If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.

If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.

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