Press release
Investigation announced for Investors in shares of Milestone Pharmaceuticals Inc. (NASDAQ: MIST) over potential Wrongdoing
An investigation on behalf of investors in Milestone Pharmaceuticals Inc. (NASDAQ: MIST) shares over potential wrongdoing at Miles
Investors who purchased shares of Milestone Pharmaceuticals Inc. (NASDAQ: MIST) 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 Milestone Pharmaceuticals directors breached their fiduciary duties and caused damage to the company and its shareholders.
Montreal, Canada based Milestone Pharmaceuticals Inc., a biopharmaceutical company, develops and commercializes etripamil for the treatment of cardiovascular indications. On or about May 9, 2019, Milestone Pharmaceuticals Inc. sold about 5.5 million shares of stock in its initial public stock offering (the "IPO"), at $15.00 a share raising approximately $82,500,000 in new capital.
On December 26, 2023, Milestone Pharmaceuticals Inc announced that it had received a Refuse to File ("RFT") letter from the U.S. Food and Drug Administration ("FDA") for its recently submitted New Drug Application ("NDA") for its lead candidate, Etripamil, a self-administered nasal spray for the treatment of paroxysmal supraventricular tachycardia. The Company advised that, in the RFT, the FDA had "determined that the NDA, submitted in October 2023, was not sufficiently complete to permit substantive review" and "requested clarification about the time of data recorded for adverse events in Phase 3 clinical trials".
Shares of Milestone Pharmaceuticals Inc. (NASDAQ: MIST) declined from $1.33 per share on January 22, 2024.
Those who purchased shares of Milestone Pharmaceuticals Inc. (NASDAQ: MIST) 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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