Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Amneal Pharmaceuticals Inc (NYSE: AMRX) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Amneal Pharmaceuticals Inc (NYSE: AMRX) concerning whether a series of statements by Amneal Pharmaceuticals Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 10, 2019, the Company cut its 2019 core earnings forecast, citing the uncertain supply of epinephrine auto-injectors amid a global shortage of the emergency allergy shots, including Mylan NV’s EpiPen. In addition, the Company cited delays in regulatory approvals and launches as other reasons for the lowered forecast.
Following this news, NYSE: AMRX fell $2.45 per share, or 35.98%, to close at $4.36 per share on July 10, 2019.
Based in Bridgewater, New Jersey, and founded in 2002 Amneal Pharmaceuticals Inc develops, licenses, manufactures, markets, and distributes generic and specialty pharmaceutical products for various dosage forms and therapeutic areas.
If you purchased shares of Amneal Pharmaceuticals Inc (NYSE: AMRX) on or before July 10, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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