LOS ANGELES, CA / ACCESSWIRE / June 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ironwood Pharmaceuticals, Inc. ("Ironwood" or "the Company") (NASDAQ:IRWD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ironwood reported results of its pivotal Phase III STARS trial of subcutaneous apraglutide on February 29, 2024. Fierce Biotech reported on the same day that, "While the study met its primary endpoint, the results failed to convince investors it can win out over Takeda's Gattex, its potential generic copies and Zealand Pharma's glepaglutide." Based on this news, shares of Ironwood fell y 37.7% in morning trading on the same day.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm