An investigation on behalf of investors in Odonate Therapeutics, Inc. (NASDAQ: ODT) shares over potential wrongdoing at Odonate Therapeutics, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/28/2019 -- Certain directors of Odonate Therapeutics, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Odonate Therapeutics, Inc. (NASDAQ: ODT) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Odonate Therapeutics, directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Diego, CA based Odonate Therapeutics, Inc., a pharmaceutical company, develops therapeutics for the treatment of cancer. On December 6, 2017, Odonate Therapeutics, Inc. announced the pricing of its initial public offering ("IPO") of 6,250,000 shares of common stock at a public offering price of $24.00 per share for aggregate gross proceeds of approximately $150 million.
On February 14, 2018, Odonate Therapeutics, Inc announced its financial results for the three and twelve months ended December 31, 2017.
Odonate Therapeutics, Inc. reported that its Net Loss increased from $3.08 million in 2017 to $32.74 million in 2018
Shares of Odonate Therapeutics, Inc. (NASDAQ: ODT) reached as high as $31.25 per share in March 5, 2018.
Since then shares of Odonate Therapeutics, Inc. (NASDAQ: ODT) declined to as low as $11.63 per share on December 26, 2018.
On January 25, 2019, NASDAQ: ODT shares closed at $17.33 per share.
Those who purchased shares of Odonate Therapeutics, Inc. (NASDAQ: ODT) have certain options and should contact the Shareholders Foundation.
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