An investigation for investors in Sutro Biopharma, Inc. (NASDAQ:STRO) shares over potential securities laws violations by Sutro Biopharma, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/27/2020 -- Sutro Biopharma, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Sutro Biopharma, Inc. (NASDAQ: STRO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Sutro Biopharma, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Sutro Biopharma, Inc. operates as clinical stage drug discovery, development, and manufacturing company.
In September 2018, Sutro Biopharma, Inc conducted its initial public offering ("IPO"), selling 5,667,000 shares of common stock priced at $15.00 per share.
On May 11, 2020, post-market, Sutro Biopharma, Inc announced its financial and operating results for the first quarter of 2020. For the quarter, Sutro Biopharma, Inc reported a net loss per share of $0.84 on revenues of $7.15 million, both of which metrics fell significantly short of consensus estimates.
On May 14, 2020, shares of Sutro Biopharma, Inc. (NASDAQ: STRO) declined to as low as $7.81 per share.
Those who purchased shares of Sutro Biopharma, Inc. (NASDAQ: STRO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.