An investigation on behalf of investors in Praxis Precision Medicines, Inc. (NASDAQ:PRAX) shares over potential wrongdoing at Praxis Precision Medicines, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 02/22/2021 -- Certain directors of Praxis Precision Medicines, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Praxis Precision Medicines, Inc. (NASDAQ: PRAX) 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 concerns whether certain Praxis Precision Medicines, directors breached their fiduciary duties and caused damage to the company and its shareholders.
Cambridge, MA based Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. On November 9, 2020, Praxis Precision Medicines, Inc. announced receipt of "a response from the U.S. Food and Drug Administration ("FDA") on the Investigational New Drug ("IND") submission for PRAX-114 for the treatment of major depressive disorder ('MDD')." Specifically, Praxis Precision Medicines, Inc. advised investors that "[a]t the end of the 30-day IND review period, the FDA notified the Company that the IND has been placed on full clinical hold. The FDA has not provided any reason for the clinical hold."
Those who purchased shares of Praxis Precision Medicines, Inc. (NASDAQ: PRAX) have certain options and should contact the Shareholders Foundation.
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