ACCESSWIRE
04 Aug 2022, 02:37 GMT+10
NEW YORK, NY / ACCESSWIRE / August 3, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Phathom Pharmaceuticals, Inc. ('Phathom' or 'the Company') (NASDAQ:PHAT). Investors who purchased Phathom shares are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/phat.
The investigation concerns whether Phathomviolated federal securities laws.
On August 2, 2022, Phathom issued a press release titled: 'Phathom Pharmaceuticals Reports Second Quarter 2022 Financial Results and Provides Business Updates,' which announced that 'we detected trace levels of a nitrosamine in vonoprazan drug product in our post-approval testing as we prepared for commercial launch.' The release continues that based on this detection, 'the Company is working with the FDA and plans to obtain approval of and implement an additional test method, specification, including a proposed acceptable intake limit, and additional controls to address this impurity prior to releasing our first vonoprazan-based products to the market.' Phathom said that 'these additional activities will result in a delay of the planned VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK product launches.' Following this news, Phathom stock dropped almost 29% on that same day.
If you are aware of any facts relating to this investigation or purchased Phathom shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/phat. You can also contact Peretz Bronstein or law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
Get a daily dose of Salt Lake City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.
More InformationSYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...
NEW YORK CITY, New York: Amazon announced this week that it had purchased robotic vacuum maker iRobot for approximately $1.7 ...
RICHMOND, Virginia: Dominion Energy Virginia has received state approval to build an enormous offshore wind farm off the coast of ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday, but gains and losses were modest.There is concern the ...
President Joe Biden's bipartisan infrastructure law will disburse up to $239 million to help Georgia improve the resilience of transportation ...
The Los Angeles Angels hope to have Shohei Ohtani available when they begin a rematch series against the host Oakland ...
Washington [US], August 8 (ANI): The Australian actor Paul Eenhoorn, best known for his critically acclaimed cameo appearances in the ...
The American leader has welcomed a ceasefire between Israel and Gaza militantsUS President Joe Biden has commended the Israeli government ...
Baghdad - An Iraqi court Sunday sentenced four people to life in prison over an attack on Baghdad airport early ...
Vienna - Top negotiators in renewed talks to revive the 2015 Iran nuclear deal indicated Sunday that they are optimistic ...