Press release
Investigation announced for Long-Term Investors in Forte Biosciences, Inc. (NASDAQ: FBRX)
An investigation on behalf of investors in Forte Biosciences, Inc. (NASDAQ: FBRX) shares over potential wrongdoing.
Investors who purchased shares of Forte Biosciences, Inc. (NASDAQ: FBRX) 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 concerns whether certain Forte Biosciences directors breached their fiduciary duties and caused damage to the company and its shareholders.
Torrance, CA based Forte Biosciences Inc. operates as a clinical-stage biopharmaceutical company in the United States. Forte Biosciences, Inc. reported that its annual Total Revenue rose from $4.06 million in 2019 to $14.25 million in 202, and that its Net Loss increased from $4.064 million in 2019 to $46.48 million in 2020
On September 2, 2021, post-market, Forte Biosciences, Inc. issued a press release "announc[ing] that topline data from its Phase 2 clinical trial of FB-401 for the treatment of atopic dermatitis failed to meet statistical significance for the primary endpoint of EASI-50 (the proportion of patients with at least a 50% improvement in atopic dermatitis disease severity as measure by EASI)."
Shares of Forte Biosciences, Inc. (NASDAQ: FBRX) declined from $31.47 per share on September 2, 2021, to $4.06 per share on September 7, 2021.
Those who purchased shares of Forte Biosciences, Inc. (NASDAQ: FBRX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.
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