An investigation on behalf of investors in Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) shares over potential wrongdoing at Ultragenyx Pharmaceutical Inc. was announced
San Diego, CA -- (SBWIRE) -- 11/28/2018 -- Certain directors of Ultragenyx Pharmaceutical Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) and currently hold any of those NASDAQ: RARE shares 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 Ultragenyx Pharmaceutical officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Ultragenyx Pharmaceutical Inc., a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the United States. Ultragenyx Pharmaceutical Inc. reported that its Net Loss increased from $245.87 million in 2016 to $302.13 million in 2017. Shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) declined from $90.98 per share in September 2018 to as low as $46.40 per share on October 29, 2018.
The total compensation of the CEO rose from over $5.4 million in 2015 to over $6.68 million in 2017.
On November 12, 2018, NASDAQ: RARE shares closed at $49.10 per share.
Those who purchased shares of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), have certain options and should contact the Shareholders Foundation.
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