Press release
Investigation announced for Investors in Morphic Holding, Inc. (NASDAQ: MORF) over potential Wrongdoing
An investigation on behalf of investors in Morphic Holding, Inc. (NASDAQ: MORF) shares over potential wrongdoing.
Investors who purchased shares of Morphic Holding, Inc. (NASDAQ: MORF) 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 Morphic Holding, Inc officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Waltham, MA based Morphic Holding, Inc., a biopharmaceutical company, discovers and develops oral small-molecule integrin therapeutics for the treatment of autoimmune, cardiovascular, and metabolic diseases, as well as fibrosis and cancer. Morphic Holding, Inc. reported that its annual Total Revenue rose from $19.79 million in 2021 to $70.8 million in 2022 and that its Net Loss declined from $95.54 million in 2021 to $59.04 million in 2022.
On September 22, 2023, the Company released abstract data from its EMERALD-1 Phase 2a trial for its drug candidate, MORF-057. Following this news, the price of the Company's stock dropped.
Shares of Morphic Holding, Inc. (NASDAQ: MORF) declined from $63.08 per share on June 12, 2023, to as low as $19.96 per share on Octboer 25, 2023.
Those who purchased shares of Morphic Holding, Inc. (NASDAQ: MORF) 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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