Edison Investment Research Issues Statement on Akari

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
82
Edison Investment Research Issues Statement on Akari Therapeutics' statements and SEC Filing citing Edison

NEW YORK, May 12, 2017 (GLOBE NEWSWIRE) -- Edison Investment Research Inc. (“Edison”), an investment research and advisory company, wishes to comment on statements made by Akari Therapeutics ("Akari") in its press release dated April 27, 2017 and the SEC filing dated May 11, 2017.

Edison’s analysts follow a strict and extensive review process prior to the publication of any report, including the April 26, 2017 note on Akari (the "Note"). Edison’s analyst team carried out the Edison Process, including engaging the client, Akari, to review and provide feedback on the report and notify us if any inaccuracies or misrepresentations appeared in the final draft of the Note.  Following a review of the report by Akari’s senior management, Edison was provided with specific written approval for the publication of the Note as published.

Following the publication of the Note on April 26, 2017, Akari management contacted Edison to notify that “certain errors” were found in the Note without providing Edison with further explanation regarding the alleged errors. Akari management subsequently requested Edison retract the Note and announced “material inaccuracies” were found in the Note.

Despite an in-depth investigation, Edison has yet to find any evidence of inaccuracies nor have details of any alleged inaccuracies been provided by Akari representatives, despite multiple requests from Edison and by Edison’s legal counsel, Barton LLP, to Edison's legal counsel. Edison believes the published Note consistently reflected the accuracy of the information contained in and written by Akari in Akari’s press release dated April 24, 2017.

About Edison

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and Asia Pacific. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Contacts Peter Molloy Chief Executive Officer, Edison pmolloy@edisongroup.com Neil Shah Director of Research, Edison nshah@edisongroup.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Why Accurate HVAC Load Calculations Matter

Updated Category News Views 75

Beyond Square Footage: Critical HVAC Considerations When it comes to heating and cooling your home, simply considering its square footage is like trying to predict the weather with nothing but a coin flip. Bob Schmid, an HVAC guru from Ocean View, NJ, pulls back the curtain on why the details really matter in determining the most efficient and effective HVAC setup for any...

Continue Reading
Can AI Help Climate? Tech Investments Seek Balance

Updated Category News Views 230

Is AI a Climate Savior or a Power-Hungry Beast? AI might feel like that unpredictable family member you hope shows up to the party with something useful, but they’ve always got high energy bills. As the tech world touts artificial intelligence as the next big hope for addressing climate woes, folks like Peter Gilmer—who's been around a few boardrooms—are taking a...

Continue Reading
Extend Your Water Heater's Life with Anode Care

Updated Category News Views 21

Small Component, Big Impact: The Anode Rod Picture this: You’ve got a trusty water heater keeping your showers steamy, but lurking inside is a villain called rust. Enter the unsung hero—the anode rod. It might not be glamorous, but this little piece of metal works overtime to save your tank from a watery grave. Tim Fessler and Dave Super, seasoned plumbing hotshots...

Continue Reading
Termite Swarmers: Essential Clues and Action Steps

Updated Category News Views 66

Understanding the Intrusive Nature of Termite Swarmers When it comes to creepy crawlies wreaking havoc on your beloved abode, termites are the stealthy troublemakers you need to keep an eye out for. Just because you catch a glimpse of them doesn't mean the damage is obvious or minimal. Spotting the Culprits: Termites vs. Ants Identifying what you're up against is the...

Continue Reading
CJ BIO's Bold Steps for Sustainable Animal Nutrition

Updated Category News Views 239

Breaking New Ground in Animal Nutrition Picture this: industry big wigs and farmers alike, all rubbing elbows at EuroTier 2026, the grand meeting ground for animal nutrition's future. This is where CJ BIO is flexing its muscles, not by just tossing ingredients into the mix, but by revolutionizing them under the banner "Feed Intelligence for Sustainable Performance." Now,...

Continue Reading
Decoding Real Estate Value: A Market Insider's Take

Updated Category News Views 97

Riding the Waves of Real Estate Pricing Homeowners dipping their toes into the real estate market know that setting the right price ain't a walk in the park. Luckily, Matt Nuzie, Shelton's real estate pro, has peeled back the layers on comparative market analyses (CMA) in a HelloNation piece. This isn't just about tossing a number out there—it's about understanding the...

Continue Reading
Lily Toxicity in Cats: Urgent Action Matters

Updated Category News Views 85

Understanding the Severity of Lily Toxicity Ah, lilies. They might look pretty on your dining table, but if you’ve got a feline prowling around your house, these beauties could be a silent cat killer. In the animal-medicine world, this isn’t just another cautionary tale; it's a full-blown call to arms for cat owners. Dr. Ashley Wheatley, a veterinary expert out of...

Continue Reading
HanAll F&B Pioneers New Path for Domestic Rice Noodles

Updated Category News Views 394

New Spin on an Old Favorite: Rice Noodles Forget about the same old wheat noodles clogging up the pantry. HanAll F&B is revamping the noodle game with a homegrown twist, setting sights on a future where Korean rice isn't just for steaming, soup, or sushi. This outfit from Taebaek, Gangwon, has got its hands deep in the rice flour, finessing a patent that aims to make...

Continue Reading
Context Labs Unveils AI Distillery for Enterprises

Updated Category News Views 379

Rethinking AI with Sovereignty in Mind A bouquet of tech buzzwords lands on every investor's doorstep with the unveiling of Context Labs' latest contraption. We’re talking about the AI Distillery™, which promises enterprises a way to run sovereign AI systems by keeping data in-house. Now, if you’re nodding along to the buzz, let's cut through the clutter....

Continue Reading
SKYWORTH Solar's Solavita: Energizing Global Microgrids

Updated Category News Views 199

Aiming for Global Reach with Solavita Usually, when a company flings a new brand into the arena, you're looking at a whole bunch of promises and probably a fat folder of paperwork you don't want to read. But when SKYWORTH Solar dishes out Solavita as its new ace in the smart microgrid game, you reckon there's a bit of serious starch in the collar. Harnessing Worldwide...

Continue Reading

Top 5 Most Recently Viewed Articles

IRS Enhances Crypto Tax Compliance with New Rules

Updated Category Crypto Views 574

Introduction to the New IRS Guidance on Crypto Tax Reporting The IRS has published final guidelines for digital asset brokers' tax reporting. These guidelines reflect an attempt to guarantee compliance among high earners. Yearly reporting will become required beginning in 2026. Using Form 1099-DA, digital currency brokers must report gross sales proceeds in 2025. Brokers...

Continue Reading
EngineAI Introduces Groundbreaking Robotics at CES 2025

Updated Category News Views 816

EngineAI Unveils Innovative Robotics at CES 2025 CES 2025 welcomed a wave of excitement as Shenzhen EngineAI Robotics showcased its groundbreaking humanoid robots. This year, the event highlighted the SE01, SA01, and PM01 models, representing a significant leap in robotics technology. Each robot is engineered to provide developers with a robust platform for improving...

Continue Reading
Cabot Corporation's Q4 2025 Results: Insights and Expectations

Updated Category News Views 219

Exploring Cabot Corporation's Upcoming Q4 2025 Results The business world is abuzz with anticipation as Cabot Corporation (NYSE: CBT) is set to unveil its operating results for the fourth quarter of fiscal 2025. This event is scheduled for Monday, November 3, 2025, during which the company will communicate its financial performance following the market close. The results...

Continue Reading
Westland Insurance Expands Footprint with New Acquisition

Updated Category News Views 229

Strategic Move by Westland Insurance Westland Insurance, recognized as one of the largest insurance brokerages in Canada, has made a significant advancement by acquiring Paul Ayotte Insurance Brokers Ltd (PAIB). This acquisition, effective immediately, represents a strategic commitment by Westland to enhance service delivery in Ontario and support clients in local...

Continue Reading
Performance Food Group's Upcoming Financial Results Webcast

Updated Category News Views 153

Performance Food Group Company Announces Live Webcast Performance Food Group Company (PFG) (NYSE:PFGC) is preparing to host a highly anticipated live audio webcast to reveal the financial results for their second quarter of fiscal 2025. The event is set for 9 a.m. ET on an upcoming Wednesday in February. It promises to be an informative session where key executives will...

Continue Reading