An investigation on behalf of investors in Ascendis Pharma A/S (NASDAQ: ASND) shares over potential wrongdoing at Ascendis Pharma A/S was announced.
San Diego, CA -- (SBWIRE) -- 06/20/2023 -- Certain directors of Ascendis Pharma A/S are under investigation over potential breaches of fiduciary duties by certain directors.
Investors who purchased shares of Ascendis Pharma A/S (NASDAQ: ASND) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Ascendis Pharma A/S directors breached their fiduciary duties and caused damage to the company and its shareholders.
Denmark based Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapies for unmet medical needs. On April 3, 2023, before market hours, Ascendis Pharma A/S announced that the "U.S. Food & Drug Administration ("FDA") has notified the Company that, as part of their ongoing review, the FDA has identified deficiencies in the Company's New Drug Application ("NDA") for TransCon PTH (palopegteriparatide) in hypoparathyroidism that at this time precludes them from holding further discussions about labeling and post-marketing requirements/commitments. The deficiencies were not disclosed in the letter."
Shares of Ascendis Pharma A/S (NASDAQ: ASND) declined from $134.52 per share in November 11, 2022, to as low as $64.33 per share on April 3, 2023.
Those who purchased shares of Ascendis Pharma A/S (NASDAQ: ASND) have certain options and should contact the Shareholders Foundation.
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