An investor, who purchased shares of Agile Therapeutics Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Agile Therapeutics Inc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Agile Therapeutics Inc (NASDAQ:AGRX) have certain options and for certain investors are short and strict deadlines running. Deadline: March 7, 2017. NASDAQ:AGRX investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Agile Therapeutics Inc (NASDAQ:AGRX) common shares between March 9, 2016 and January 3, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 9, 2016 and January 3, 2017 the Defendants allegedly failed to disclose that the Twirla contraceptive patch had an efficacy rating that fell below peer group standards, that over half of patients in its “Secure” Phase 3 Study discontinued the study early, that the Twirla patch therefore allegedly had a slight chance of FDA approval, and that, as a result of the foregoing, Defendants’ statements about Agile Therapeutics’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On January 3, 2017, Agile Therapeutics Inc (NASDAQ:AGRX) announced top-line results from its Phase 3 SECURE clinical trial of Twirla®, its investigational low-dose combined hormonal contraceptive patch. The study, which was initiated at the request of the FDA, comes after the FDA rejected Agile’s initial marketing application back in 2013. The Company cited “positive top-line results” in the study, yet reported that almost 2% of subjects experienced “serious adverse events” including “deep vein thrombosis, pulmonary embolism, gallbladder disease, ectopic pregnancy and depression.” Shares of Agile Therapeutics Inc (NASDAQ:AGRX) declined to as low as $1.82 per share on January 4, 2017.
On January 13, 2017, NASDAQ:AGRX shares closed at $2.52 per share.
Those who purchased NASDAQ:AGRX shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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