Press release
Investigation announced for Long-Term Investors in Cidara Therapeutics, Inc. (NASDAQ: CDTX) over potential Wrongdoing
An investigation on behalf of investors in Cidara Therapeutics, Inc. (NASDAQ: CDTX) shares over potential wrongdoing.
Investors who purchased shares of Cidara Therapeutics, Inc. (NASDAQ: CDTX) 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 Cidara Therapeutics, Inc. (directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Diego, CA based Cidara Therapeutics, Inc., a biotechnology company, focuses on developing targeted therapies for patients facing cancers and other serious diseases. Cidara Therapeutics, Inc. reported that its annual Total Revenue declined form $64.44 million in 2022 to $63.9 million in 2023, and that its Net Loss declined from $33.58 million in 2022 to $24.48 million in 2023.
On April 16, 2024, Cidara Therapeutics, Inc. filed a current report on Form 8-K with the SEC. In this 8-K, Cidara Therapeutics announced that it's "previously issued audited consolidated financial statements for the fiscal years ended December 31, 2021 and 2022 included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and each of the Company's previously issued unaudited condensed consolidated financial statements included in the Company's Quarterly Reports on Form 10-Q for each of the quarterly periods in 2022 and 2023 (collectively, the "Prior Financial Statements") filed with the [SEC] should no longer be relied upon and should be restated[.]"
Shares of Cidara Therapeutics, Inc. (NASDAQ: CDTX) declined from $29.60 per share on May 23, 2023, to as low as $10.00 per share on April 22, 2024.
Those who purchased shares of Cidara Therapeutics, Inc. (NASDAQ: CDTX) 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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