A Deadline is coming up on October 3, 2016 in the lawsuit for investors in Keryx Biopharmaceuticals (NASDAQ:KERX) and NASDAQ:KERX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/20/2016 -- A deadline is coming up on October 3, 2016 in the lawsuit filed for investors of Keryx Biopharmaceuticals (NASDAQ:KERX) over alleged securities laws violations by Keryx Biopharmaceuticals.
Investors who purchased shares of Keryx Biopharmaceuticals (NASDAQ:KERX) have certain options and there are strict and short deadlines running. Deadline: October 3, 2016.. NASDAQ:KERX stockholders should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of certain purchasers of Keryx Biopharmaceuticals (NASDAQ:KERX) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants made allegedly false and/or misleading statements and/or failed to disclose that Keryx Biopharmaceuticals was experiencing production-related difficulties in converting API to finished drug product, that the issue was resulting in decreased production yields of finished drug product, that, as a result, the Company would, and did exhaust its reserve of finished drug product, and that, as a result of the foregoing, Defendants' statements about Keryx Biopharmaceuticals' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On August, 1, 2016 Keryx Biopharmaceuticals announced an interruption in the supply of Auryxia® (ferric citrate) tablets due to a production-related issue converting active pharmaceutical ingredient to finished drug product. Keryx Biopharmaceuticals said it expects to make Auryxia available to patients when supply is back to adequate levels. Additionally, Keryx Biopharmaceuticals has withdrawn its 2016 financial guidance. Shares of Keryx Biopharmaceuticals (NASDAQ:KERX) declined to as low as $4.02 per share on August 2, 2016.
On September 19, 2016, NASDAQ:KERX shares closed at $4.74 per share.
Those who purchased shares of Keryx Biopharmaceuticals have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego