Press release
Investigation announced for Investors in Sanofi (NASDAQ: SNY) over potential Wrongdoing
An investigation on behalf of investors in Sanofi (NASDAQ: SNY) shares over potential wrongdoing at Sanofi was announced.
Investors who purchased shares of Sanofi (NASDAQ: SNY) 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 Sanofi directors breached their fiduciary duties and caused damage to the company and its shareholders.
On June 30, 2022, Sanofi announced that "[t]he U.S. Food and Drug Administration (FDA) has placed Phase 3 studies of tolebrutinib in multiple sclerosis (MS) and myasthenia gravis on partial clinical hold. As a result, new enrollment in the United States (U.S.) is paused, and participants in the U.S. who have been in the trial for fewer than 60 days shall suspend study drug." Sanofi stated that "[t]he FDA action was based on a limited number of cases of drug-induced liver injury that have been identified with tolebrutinib exposure in Phase 3 studies."
Shares of Sanofi (NASDAQ: SNY) declined from $53.55 per share on June 24, 2022, to as low as $49.56 per share on July 5, 2022.
Those who purchased shares of Sanofi (NASDAQ: SNY) 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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