The Shareholders Foundation announces that an investor, who purchased shares of Amicus Therapeutics, Inc. (NASDAQ:FOLD), filed a lawsuit against Amicus Therapeutics, Inc over alleged Securities Laws violations.
Investors who purchased shares of Amicus Therapeutics, Inc. (NASDAQ:FOLD) have certain options and for certain investors are short and strict deadlines running. Deadline: December 7, 2015. NASDAQ:FOLD investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Amicus Therapeutics, Inc. (NASDAQ:FOLD) common shares between March 19, 2015 and October 1, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 19, 2015 and October 1, 2015 defendants issued a series of allegedly false and misleading statements that misrepresented that Amicus Therapeutics, Inc. had an “approval pathway” for its lead product candidate Galafold, by which it would submit a new drug application (“NDA”) to the U.S. Food and Drug Administration (“FDA”) for “accelerated approval” of the drug “in the second half of 2015 and that Defendants represented that Amicus Therapeutics’ two Phase III global registration studies of Galafold “have shown that treatment with migalastat has resulted in reductions in disorder substrate, stability of kidney function, reductions in cardiac mass, and improvement in gastrointestinal symptoms.”
The plaintiff claims that Defendants allegedly failed to disclose, among other things, that Amicus Therapeutics’ two Phase III studies failed to satisfy the FDA’s concerns over migalastat’s effect on gastrointestinal symptoms; that the FDA required full integration and additional analyses of clinical data from the Phase III studies, and that as a result, Amicus Therapeutics had no reasonable basis to represent that it would submit its NDA for accelerated approval in the second half of 2015.
Those who purchased shares of Amicus Therapeutics, Inc. (NASDAQ:FOLD) have certain options and should contact the Shareholders Foundation.
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