Press release
Investigation announced for Investors in shares of Harrow Health, Inc. (NASDAQ: HROW) over possible Violations of Securities Laws
An investigation for investors in Harrow Health, Inc. (NASDAQ: HROW) shares over potential securities laws violations.
Investors who purchased shares of Harrow Health, Inc. (NASDAQ: HROW), 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 Harrow Health, Inc. (NASDAQ: HROW) concerning whether a series of statements by Harrow Health, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Nashville, TN based Harrow Health, Inc. operates as an ophthalmic-focused healthcare company Harrow Health, Inc. reported that its annual Total Revenue rose from $48.87 million in 2020 to $72.47 million in 2021, and that its Net Loss increased from $2.23 million in 2020 to $5.43 million in 2021.
On February 22, 2023, Bonitas Research published a report alleging, among other things, that Harrow Health, Inc. had concealed a U.S. Department of Justice investigation into its sales practices and that it had engaged in suspect transactions with former subsidiaries. Moreover, Harrow did not disclose that it had received a warning letter from the U.S. Food and Drug Administration for making false and misleading marketing claims, but months later, the Company issued a nationwide recall.
Shares of Harrow Health, Inc. (NASDAQ: HROW) declined from $20.31 per share on February 8, 2023, to as low as $15.22 per share on February 22, 2023.
Those who purchased shares of Harrow Health, Inc. (NASDAQ: HROW) 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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