An investigation on behalf of current long term investors in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 01/14/2021 -- Certain directors of BioMarin Pharmaceutical Inc are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: BMRN stocks follows a lawsuit filed against BioMarin Pharmaceutical Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: BMRN stocks, concerns whether certain BioMarin Pharmaceutical Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that differences between the Phase 1/2 and Phase 3 study of valoctocogene roxaparvovec limited the reliability of the Phase 1/2 study to support valoctocogene roxaparvovec's durability of effect, that as a result, it was foreseeable that the FDA would not approve the BLA for valoctocogene roxaparvovec without additional data, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) have certain options and should contact the Shareholders Foundation.
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