A lawsuit was filed for Investors of Zogenix (NASDAQ: ZGNX) shares of over alleged violations of Federal Securities Laws by Zogenix, Inc.
San Diego, CA -- (SBWIRE) -- 04/23/2019 -- An investor, who purchased shares of Zogenix, Inc. (NASDAQ: ZGNX), filed a lawsuit over alleged violations of Federal Securities Laws by Zogenix, Inc. in connection with certain allegedly false and misleading statements made between February 6, 2019 and April 8, 2019.
Investors who purchased shares of Zogenix, Inc. (NASDAQ: ZGNX) between February 6, 2019 and April 8, 2019, and / or if you purchased any NASDAQ: ZGNX shares prior to February 2019 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 11, 2019. NASDAQ: ZGNX investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On April 8, 2019, Zogenix, Inc. announced it received a refusal to file letter from the U.S. Food and Drug Administration ("FDA") regarding Zogenix's new drug application ("NDA") for FINTEPLA, Zogenix's proposed treatment for seizures associated with Dravet syndrome. Zogenix, Inc. told investors that "the FDA determined that the NDA... was not sufficiently complete to permit a substantive review... [F]irst, certain non-clinical studies were not submitted to allow assessment of the chronic administration of fenfluramine; and, second, the application contained an incorrect version of a clinical dataset, which prevented the completion of the review process that is necessary to support the filing of the NDA."
The plaintiff claims that between February 6, 2019 and April 8, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that Zogenix's NDA for FINTEPLA contained inadequate non-clinical data and an incorrect version of a clinical dataset, that consequently, Zogenix's NDA for FINTEPLA was unlikely to gain FDA approval, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Zogenix, Inc. (NASDAQ: ZGNX) have certain options and should contact the Shareholders Foundation.
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