LOS ANGELES–(Business WIRE)–Glancy Prongay & Murray LLP (“GPM”), a primary national shareholder rights law agency, now introduced that it has commenced an investigation on behalf of Annovis Bio, Inc. (“Annovis” or the “Company”) (NYSE: ANVS) investors concerning the Company’s possible violations of the federal securities guidelines.
If you experienced a decline on your Annovis investments or would like to inquire about possibly pursuing claims to get well your reduction underneath the federal securities laws, you can post your speak to information at https://www.glancylaw.com/instances/annovis-bio-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or by using e-mail at [email protected] to understand extra about your legal rights.
On July 28, 2021, following the marketplace closed, Annovis reported that Posiphen failed to clearly show statistical significance in managing Alzheimer’s and Parkinson’s sufferers relative to a placebo.
On this news, the Company’s inventory cost fell $65.94 per share, or about 60%, to close at $43.50 for every share on July 29, 2021, therefore injuring investors.
Whistleblower See: Persons with non-community information and facts relating to Annovis really should take into consideration their options to assist the investigation or just take advantage of the SEC Whistleblower Method. Less than the application, whistleblowers who supply unique facts may acquire benefits totaling up to 30 % of any prosperous recovery designed by the SEC. For far more information, connect with Charles H. Linehan at 310-201-9150 or 888-773-9224 or electronic mail [email protected]
Glancy Prongay & Murray LLP is a leading legislation firm symbolizing investors and buyers in securities litigation and other advanced class action litigation. ISS Securities Course Motion Expert services has continually ranked GPM in its once-a-year SCAS Top 50 Report. In 2018, GPM was ranked a top rated five law company in variety of securities class action settlements, and a leading 6 law agency for total dollar measurement of settlements. With 4 workplaces across the region, GPM’s practically 40 attorneys have received groundbreaking rulings and recovered billions of bucks for traders and people in securities, antitrust, customer, and employment class steps. GPM’s lawyers have handled situations masking a extensive spectrum of corporate misconduct which include instances involving economic restatements, inner handle weaknesses, earnings management, fraudulent earnings steerage and forward seeking statements, auditor misconduct, insider buying and selling, violations of Food and drug administration regulations, steps ensuing in Fda and DOJ investigations, and many other varieties of corporate misconduct. GPM’s attorneys have labored on securities situations relating to nearly all industries and sectors in the economical marketplaces, which include, electricity, client discretionary, buyer staples, actual estate and REITs, monetary, insurance policies, information and facts technologies, overall health treatment, biotech, cryptocurrency, health-related gadgets, and several additional. GPM’s past successes have been extensively included by top information and industry publications this sort of as The Wall Avenue Journal, The Economic Times, Bloomberg Businessweek, Reuters, the Linked Push, Barron’s, Investor’s Business enterprise Every day, Forbes, and Revenue.
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