Martin Marietta Materials Inc
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Materials : Construction Materials | Mid Cap Blend
Company profile

Martin Marietta Materials, Inc. is a natural resource-based building materials company. The Company supplies aggregates (crushed stone, sand, and gravel) through its network of approximately 310 quarries, mines and distribution yards in Canada and The Bahamas. In the southwestern and western United States, the Company also provides cement and downstream products and services, including ready-mixed concrete, asphalt, and paving services, in markets that are naturally vertically integrated. The Company has cement plants in Texas, and ready mixed concrete and asphalt operations in Texas, Colorado, and Wyoming. Asphalt operations and paving services are in Colorado. The Company conducts its Building Materials Business through two segments, East Group and West Group. The East Group provides aggregates products only. The West Group provides aggregates, cement, and downstream products. The Company’s Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.


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SHAREHOLDER ALERT: Robbins LLP Investigates Spectrum Pharmaceuticals, Inc. (SPPI) for Misleading Shareholders

6:02 am ET November 3, 2021 (BusinessWire) Print

Shareholder rights law firm Robbins LLP is investigating Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI) to determine whether certain Spectrum officers and directors violated the Securities Exchange Act of 1934. Spectrum is a biopharmaceutical company that develops and commercializes oncology and hematology drug products. One product the Company has under development is ROLONTIS (eflapegrastim), a novel long-lasting granulocyte colony-stimulating factor for chemotherapy-induced neutropenia.

If you would like more information about Spectrum Pharmaceuticals, Inc.'s misconduct, click here.

Spectrum Pharmaceuticals, Inc. (SPPI) Accused of Materially Misrepresenting the Likelihood ROLONTIS Would be Approved by the FDA

According to a class action complaint filed on behalf of Spectrum shareholders, Spectrum submitted a Biologics License Application ("BLA") to the U.S. Food and Drug Administration ("FDA") for ROLONTIS as a treatment chemotherapy-induced neutropenia (the "ROLONTIS BLA") in December 2018. In March 2019, Spectrum voluntarily withdrew its ROLONTIS BLA, and then resubmitted an updated ROLONTIS BLA in October 2019. During the relevant period, defendants touted the viability of ROLONTIS and the preparations the Company had made in advance of the FDA's inspection of its manufacturing facility. However, defendants made materially false and misleading statements and/or failed to disclose that the ROLONTIS manufacturing facility maintained deficient controls and/or procedures and that the deficiencies decreased the likelihood that the FDA would approve the ROLONTIS BLA in its current form. As a result, Spectrum had materially overstated the ROLONTIS BLA's approval prospects.

On August 6, 2021, Spectrum announced receipt of a Complete Response Letter ("CRL") from the FDA regarding the ROLONTIS BLA. The CRL cited deficiencies related to manufacturing and indicated that a reinspection of the Company's manufacturing facility would be necessary. On this news, Spectrum's stock price fell $0.70 per share, or over 21%, to close at $2.55 per share on August 6, 2021.

Spectrum Pharmaceuticals, Inc. (SPPI) shareholders have legal options. If you own shares of Spectrum Pharmaceuticals, Inc., contact us for more information about your rights.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas (800) 350-6003 Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Spectrum Pharmaceuticals, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

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Aaron Dumas
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122 
(800) 350-6003
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