The Law Offices of Frank R. Cruz Continues Investigation of Talis Biomedical Corporation (TLIS) on Behalf of Investors

Published: Dec. 3, 2021 at 11:15 AM AKST

LOS ANGELES, Dec. 3, 2021 /PRNewswire/ -- The Law Offices of Frank R. Cruz continues its investigation of Talis Biomedical Corporation ("Talis" or the "Company") (NASDAQ: TLIS) on behalf of investors concerning the Company's possible violations of federal securities laws.

(PRNewsfoto/The Law Offices of Frank R. Cru)
(PRNewsfoto/The Law Offices of Frank R. Cru)

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On August 10, 2021, Talis reported its second quarter 2021 financial results. During the related conference call, the Company revealed that its "development timelines have been extended by delays in the launching of [Talis'] COVID-19 test and manufacturing scale."

On this news, the Company's stock price fell $0.58, or 6%, to close at $8.39 per share on August 11, 2021, thereby injuring investors.

Then, on August 30, 2021, after the market closed, Talis announced that its Chief Executive Officer, Brian Coe, had "stepped down."

On this news, the Company's stock price fell $1.00, or 11%, to close at $8.06 per share on August 31, 2021, thereby injuring investors further.

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If you purchased Talis securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.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.

Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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