An investigation for investors in Avalo Therapeutics, Inc. (NASDAQ:AVTX) shares over potential securities laws violations by Avalo Therapeutics, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/15/2021 -- Avalo Therapeutics, Inc f.k.a. Cerecor Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Avalo Therapeutics, Inc. (NASDAQ: AVTX) in mid 2019 or earlier and continue to hold any of their NASDAQ: AVTX shares, have certain options. Please contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Avalo Therapeutics, Inc. (NASDAQ: AVTX) concerning whether certain statements by Avalo Therapeutics, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Rockville, MD based Avalo Therapeutics, Inc., a clinical-stage precision medicine company, discovers, develops, and commercializes therapeutics for patients with unmet clinical need in immunology, immuno-oncology, and rare genetic diseases.
Shares of Avalo Therapeutics, Inc. (NASDAQ: AVTX) declined from $5.71 per share in December 2019 to as low as $1.71 per share on December 14, 2021.
Avalo Therapeutics, Inc. reported that its annual Total Revenue declined from $6.75 million in 2019 to $6.69 million in 2020, and that its Net Loss increased from $16.07 million in 2019 to $63.50 million in 2020.
Those who purchased shares of Avalo Therapeutics, Inc. (NASDAQ: AVTX) have certain options and should contact the Shareholders Foundation.
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