Energy News / Shareholders Foundation, Inc.

Eleven Biotherapeutics Inc (NASDAQ:EBIO) Shareholder Notice: Investigation Announced

Via: ReleaseWire

Updated 8:45 AM CDT, Tue, June 09,2015

An investigation on behalf of investors in Eleven Biotherapeutics Inc (NASDAQ:EBIO) shares over potential wrongdoing at Eleven Biotherapeutics was announced and NASDAQ:EBIO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (ReleaseWire) -- 06/09/2015 -- An investigation on behalf of current long-term investors in shares of Eleven Biotherapeutics Inc (NASDAQ:EBIO) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Eleven Biotherapeutics.

Investors who purchased shares of Eleven Biotherapeutics Inc (NASDAQ:EBIO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Eleven Biotherapeutics officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On May 18, 2015, Eleven Biotherapeutics Inc (NASDAQ:EBIO) announced results from the OASIS study, the company's first pivotal Phase 3 study of its lead drug candidate, EBI-005, in moderate to severe dry eye disease. Eleven Biotherapeutics Inc said that in this study, EBI-005 did not meet either of these two co-primary endpoints and that there was no statistically significant difference between the EBI-005 treated group and the vehicle control group on the co-primary endpoints or any secondary endpoints. Shares of Eleven Biotherapeutics Inc (NASDAQ:EBIO) declined from $12.51 per share on May 15, 2015, to as low as $2.89 per share on May 18, 2015, respectively $2.73 per share on May 20, 2015.

On June 5, 2015, NASDAQ:EBIO shares closed at $2.89 per share.

Those who purchased shares of Eleven Biotherapeutics Inc (NASDAQ:EBIO), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/eleven-biotherapeutics-inc-nasdaqebio-shareholder-notice-investigation-announced-603242.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com