An investigation on behalf of investors in Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) shares over potential wrongdoing at Rigel Pharmaceuticals, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/27/2021 -- Certain directors of Rigel Pharmaceuticals, Inc. are under investigation over possible breaches of fiduciary duties.
Investors who purchased shares of Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) 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 Rigel Pharmaceuticals directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francisco, CA based Rigel Pharmaceuticals, Inc., a biotechnology company, discovers and develops small molecule drugs to treat hematologic disorders, cancer, and rare immune diseases.
On August 13, 2021, Rigel Pharmaceuticals, Inc. issued a press release "announc[ing] that the U.S. Food and Drug Administration (FDA) has informed the Company that clinical data submitted in late-May from a 59-patient NIH/NHLBI-sponsored Phase 2 trial of fostamatinib to treat hospitalized patients suffering from COVID-19 are insufficient for an emergency use authorization (EUA) at this time."
Shares of Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) declined from $4.62 per share on June 28, 2021, to $3.44 per share on August 13, 2021.
Those who purchased shares of Rigel Pharmaceuticals, Inc. (NASDAQ: RIGL) have certain options and should contact the Shareholders Foundation.
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