An investigation on behalf of investors in Theratechnologies Inc. (NASDAQ:THTX) shares over potential wrongdoing at Theratechnologies Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/01/2023 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Theratechnologies Inc.
Investors who purchased shares of Theratechnologies Inc. (NASDAQ: THTX) 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 Theratechnologies officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based Theratechnologies Inc., a biopharmaceutical company, focuses on the development and commercialization of various therapies to address the unmet medical needs in the United States, Canada, and Europe. On December 1, 2022, Theratechnologies Inc. issued a press release "announc[ing] that it has decided to pause the enrollment of patients in its Phase 1 clinical trial of TH1902, the Company's lead investigational peptide drug conjugate (PDC) for the treatment of sortilin-expressing cancers." Theratechnologies Inc. explained that it "voluntarily made the decision to pause enrollment and revisit the study design after consulting with its investigators. Efficacy results observed thus far were not convincing enough to pursue enrolling patients and did not outweigh the adverse events seen in some patients. As previously reported, these adverse events consist mainly of neuropathy and eye toxicity."
Shares of Theratechnologies Inc. (NASDAQ: THTX) declined from $3.26 per share in February 01, 2022, to $0.77 per share on December 20, 2022.
Those who purchased shares of Theratechnologies Inc. (NASDAQ: THTX) have certain options and should contact the Shareholders Foundation.
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