An investigation for investors in NASDAQ:SVA shares was announced concerning possible securities laws violations by Sinovac Biotech Ltd. and certain of its directors and officers.
Investors who purchased shares of Sinovac Biotech Ltd. (NASDAQ:SVA), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sinovac Biotech Ltd. (NASDAQ:SVA) concerning whether a series of statements by Sinovac Biotech Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Sinovac Biotech Ltd.is a biopharmaceutical company that focuses on the research, development, manufacturing and commercialization of vaccines that protect against human infectious diseases. Sinovac Biotech Ltd. reported that its annual Total Revenue rose from $62.93 million in 2014 to $67.41 million in 2015 and that its Net Loss increased from $0.85 million in 2014 to $1.07 million in 2015.
On December 21, 2016, a report was published disclosing that Sinovac’s Chairman and CEO, Weidong Ying, had allegedly paid bribes to Yin Hongzhang, the Deputy Director General of the Center for Drug Evaluation for the China Food and Drug Administration, to help procure and pass drug applications and evaluations.
Shares of Sinovac Biotech Ltd. (NASDAQ:SVA) closed on January 6, 2016, at $5.95 per share.
Those who purchased NASDAQ:SVA shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
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