Investigation announced for Investors in Amryt Pharma plc (NASDAQ: AMYT) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Amryt Pharma plc.

Investors who purchased shares of Amryt Pharma plc (NASDAQ: AMYT) 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 Amryt Pharma directors breached their fiduciary duties and caused damage to the company and its shareholders.

Ireland based Amryt Pharma plc, a commercial-stage biopharmaceutical company, focuses on acquiring, developing, and commercializing various treatments to help improve the lives of patients with rare and orphan diseases. Amryt Pharma plc reported that its annual Total Revenue rose from $58.12 million in 2019 to $182.6 million in 2020, and that Net Loss increased from $65.53 million in 2019 to $104.52 million in 2020.

On February 28, 2022, Amryt Pharma plc disclosed receipt of a Complete Response Letter ("CRL") from the U.S. Food and Drug Administration ("FDA") stating that the Company's New Drug Application for its Dystrophic and Junctional Epidermolysis Bullosa ("EB") treatment, Oleogel-S10, could not be approved in its current form. The FDA "asked Amryt to submit additional confirmatory evidence of effectiveness for Oleogel-S10 in EB."

Shares of Amryt Pharma plc (NASDAQ: AMYT) declined from $10.65 per share on February 7, 2022, to as low as $5.61 per share on February 28, 2022.

Those who purchased shares of Amryt Pharma plc (NASDAQ: AMYT) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
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.

This release was published on openPR.