Press release
Lawsuit filed for Investors who lost money with shares of West Pharmaceutical Services, Inc. (NYSE: WST)
A lawsuit was filed on behalf of investors in West Pharmaceutical Services, Inc. (NYSE: WST) shares.
Investors who purchased shares of West Pharmaceutical Services, Inc. (NYSE: WST) have certain options and for certain investors are short and strict deadlines running. Deadline: July 7, 2025. NYSE: WST investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Exton, PA based West Pharmaceutical Services, Inc. designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. West Pharmaceutical Services, Inc. (NYSE: WST) reported that its annual Total Revenue declined from over $2.94 billion in 2023 to over $2.89 billion in 2024 and that its Net Income decreased from $593.4 million in 2023 to $492.7 million in 2024.
On February 13, 2025, West Pharmaceutical Services, Inc announced its 2025 revenue and earnings forecasts. West Pharmaceutical Services, Inc discloised that its guidance was in part imparted by contract manufacturing headwinds, including the loss of two major continuing glucose monitoring customers that had begun transitioning to in-house manufacturing of next-generation devices after West Pharmaceutical Services, Inc "made the decision to not participate going forward as our financial thresholds cannot be achieved." West Pharmaceutical Services, Inc also revealed that its SmartDose wearable injector devices would be "margin-dilutive" in 2025 and that it would be "taking steps to improve [its SmartDose] economics, and all options are on the table."
Shares of West Pharmaceutical Services, Inc. (NYSE: WST) declined from $415.73 per hsare on August 30, 2023, to $187.43 per share on April 09, 2025.
The plaintiff claims that between February 16, 2023 and February 12, 2025, the Defendants failed to disclose that despite claiming strong visibility into customer demand and attributing headwinds to temporary COVID-related product destocking, West was in fact experiencing significant and ongoing destocking across its high-margin High-Value Products portfolio;, that West's SmartDose device, which was purportedly positioned as a high-margin growth product, was highly dilutive to the Company's profit margins due to operational inefficiencies, that these margin pressures created the risk of costly restructuring activities, including the Company's exit from continuous glucose monitoring contracts with long-standing customers, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading or lacked a reasonable basis.
Those who purchased shares of West Pharmaceutical Services, Inc. (NYSE: WST) 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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