A lawsuit was filed on behalf of investors in Aclaris Therapeutics, Inc. (NASDAQ: ACRS) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/14/2019 -- An investor, who purchased shares of Aclaris Therapeutics, Inc. (NASDAQ: ACRS), filed a lawsuit over alleged violations of Federal Securities Laws by Aclaris Therapeutics, Inc..
Investors who purchased shares of Aclaris Therapeutics, Inc. (NASDAQ: ACRS) have certain options and for certain investors are short and strict deadlines running. Deadline: September 30, 2019. NASDAQ: ACRS investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Wayne, PA based Aclaris Therapeutics, Inc., a biopharmaceutical company, focuses on identifying, developing, and commercializing various therapies for dermatological and immuno-inflammatory diseases in the United States. On June 20, 2019, the U.S. Food & Drug Administration ("FDA") stated that an advertisement for Aclaris's hydrogen peroxide topical solution, Eskata, "makes false or misleading claims" regarding the product's risk and efficacy. Specifically, "a direct-to-consumer video of an interview featuring a paid Aclaris spokesperson" was "especially concerning from a public health perspective because it fails to include information regarding the serious risks associated with Eskata, which bears warnings and precautions related to the risks of serious eye disorders . . . in the case of exposure to the eye and severe skin reactions including scarring."
The plaintiff claims that between May 8, 2018 and June 20, 2019, the Defendants failed to disclose to investors that the Company's advertising materials minimized the risks and overstated the efficacy of ESKATA to generate sales, that, as a result, the Company was reasonably likely to face regulatory scrutiny, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Aclaris Therapeutics, Inc. (NASDAQ: ACRS) have certain options and should contact the Shareholders Foundation.
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