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TMCNet:  INVESTOR ALERT: Class Action Lawsuit against Endocyte, Inc. Announced by Glancy Binkow & Goldberg LLP

[June 24, 2014]

INVESTOR ALERT: Class Action Lawsuit against Endocyte, Inc. Announced by Glancy Binkow & Goldberg LLP

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 Southern District of Indiana on behalf of a class (the "Class") comprising all purchasers of the common stock of Endocyte, Inc. ("Endocyte" or the "Company") (NASDAQ:ECYT) between March 21, 2014 and May 2, 2014, inclusive (the "Class Period").

Please contact us at (646) 539-8980, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

Endocyte is a biopharmaceutical company engaged in the development of targeted therapies fo the treatment of cancer and inflammatory diseases in the United States. The Complaint alleges that the defendants issued misleading statements during the Class Period regarding the efficacy of Endocyte's experimental drug, VYNFINIT®, and misrepresented or failed to disclose material information concerning the Company's business and financial prospects.


On May 2, 2014, Endocyte disclosed that VYNFINIT was found ineffective in the treatment of platinum-resistant ovarian cancer, based on certain testing methods known as response evaluation criteria in solid tumors, or "RECIST." Following this news, on May 2, 2014, the price of Endocyte stock dropped approximately 61% from the previous day's closing price, to close at $6.62 per share on May 2, 2014, on unusually heavy trading volume. The Company subsequently announced that it would withdraw its application to market VYNFINIT in Europe.

If you are a member of the Class described above, you may move the Court no later than 60 days from June 24, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at (646) 539-8980, or Gregory Linkh, Esquire, at (212) 682-5340, of Glancy Binkow & Goldberg LLP, 122 E. 42nd Street, Suite 2920, New York, New York 10168, by email to shareholders@glancylaw.com, 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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