Press release
Investigation announced for Investors in Exicure, Inc. (NASDAQ: XCUR) over possible Violations of Securities Laws
An investigation for investors in Exicure, Inc. (NASDAQ: XCUR) shares over potential securities laws violations by Exicure, Inc.
Investors who purchased shares of Exicure, Inc. (NASDAQ: XCUR), 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 focuses on possible claims on behalf of purchasers of the securities of Exicure, Inc. (NASDAQ: XCUR) concerning whether a series of statements by Exicure, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chicago, IL based Exicure, Inc., a clinical-stage biotechnology company, develops therapeutics for neurology, immuno-oncology, inflammatory diseases, and genetic disorders based on its proprietary spherical nucleic acid (SNA) technology. Exicure, Inc. reported that its annual Total Revenue rose from $1.29 million in 2019 to $16.61 million in 2020, and that its Net Loss decreased from $26.84 million in 2019 to $24.71 million in 2020.
On November 15, 2021, Exicure, Inc. filed a Form 12b-25 with the SEC stating that it could not timely file its quarterly report for the period ended September 30, 2021. It explained that the Company was investigating "a claim made by a former Company senior researcher regarding alleged improprieties that researcher claims to have committed with respect to the Company’s XCUR-FXN preclinical program for the treatment of Friedreich’s ataxia."
Shares of Exicure, Inc. (NASDAQ: XCUR) declined from $1.30 per share in October 2021, to $0.441 per share on November 23, 2021.
Those who purchased shares of Exicure, Inc. (NASDAQ: XCUR) 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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