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Investigation announced for Investors in Blueprint Medicines Corporation (NASDAQ: BPMC) over potential Wrongdoing

10-04-2022 07:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Blueprint Medicines Corporation (NASDAQ: BPMC) shares over potential wrongdoing.

An investigation on behalf of investors in Blueprint Medicines Corporation (NASDAQ: BPMC) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Blueprint Medicines Corporation.

Investors who purchased shares of Blueprint Medicines Corporation (NASDAQ: BPMC) 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 Blueprint Medicines Corporation (directors breached their fiduciary duties and caused damage to the company and its shareholders.

Cambridge, MA based Blueprint Medicines Corporation, a precision therapy company, develops medicines for genomically defined cancers and blood disorders in the United States and internationally.

Blueprint Medicines Corporation reported that its annual Total Revenue declined from $793.73 million in 2020 to $180.08 million in 2021, and that its Net Income of $313.88 million in 2020 turned into a Net Loss of $644.08 million in 2021.

On August 17, 2022, before trading hours, Blueprint Medicines Corporation announced top-line results from the registrational Part 2 of its PIONEER clinical trial of AYVAKIT® (avapritinib) in patients with non-advanced systemic mastocytosis (SM). The results showed a deterioration in the absolute improvement in the symptom score from 15.6 points in this most recent trial versus 19.7 in Phase 1.

Shares of Blueprint Medicines Corporation (NASDAQ: BPMC) declined from $73.03 per share on August 12, 2022, to as low as $52.00 per share on August 17, 2022.

Those who purchased shares of Blueprint Medicines Corporation (NASDAQ: BPMC) 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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