Rigrodsky & Long, P.A. Announces Investigation Of PROLOR Biotech, Inc. Buyout

  Rigrodsky & Long, P.A. Announces Investigation Of PROLOR Biotech, Inc.

Business Wire

WILMINGTON, Del. -- April 26, 2013

Rigrodsky & Long, P.A.:

  *Do you own shares of PROLOR Biotech, Inc. (NYSE MKT: PBTH)?
  *Did you purchase any of your shares prior to April 24, 2013?
  *Do you think the proposed buyout price is too low?
  *Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of PROLOR Biotech, Inc. (“PROLOR” or the
“Company”) (NYSE MKT: PBTH) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an agreement
to be acquired by OPKO Health, Inc. (“OPKO”) (NYSE: OPK) in a transaction
valued at approximately $480 million.

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Under the terms of the proposal, public shareholders of PROLOR will receive
0.9951 shares of OPKO for each share of PROLOR they own. Based upon OPKO’s
closing stock price of $7.06 on April 23, 2013, PROLOR shareholders would have
received consideration valued at approximately $7.025 per share.

The investigation concerns whether PROLOR’s board of directors failed to
adequately shop the Company and obtain the best possible value for PROLOR’s
shareholders before entering into an agreement with OPKO. According to Yahoo!
Finance, at least one analyst has set a price target for PROLOR stock at

If you own the common stock of PROLOR and purchased your shares before April
24, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone
at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888)
969-4242; by e-mail to info@rigrodskylong.com, or at:

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United

Attorney advertising. Prior results do not guarantee a similar outcome.


Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long
Peter Allocco
Fax: 302-654-7530
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