Investors who Lost Money with BioVie Inc. (NASDAQ: BIVI) Shares Should Contact the Shareholders Foundation in Connection with Pending Lawsuit
A lawsuit is pending for certain investors in BioVie Inc. (NASDAQ: BIVI) shares and NASDAQ: BIVI Investors should contact the Shareholders Foundation, Inc.
SAN DIEGO, CA, May 2, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in BioVie Inc. (NASDAQ:BIVI) shares.
Investors, who purchased BioVie Inc. (NASDAQ:BIVI) shares prior to August 2021 and continue to hold any of those NASDAQ: BIVI shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
In November 2023, a lawsuit was filed over alleged securities laws violations by BioVie Inc. The lawsuit seeks to recover losses on behalf of certain investors in NASDAQ: BIVI shares. The plaintiff alleges that the defendants misled investors by failing to disclose that BioVie was not conducting proper oversight of its Phase 3 clinical trial, that the COVID-19 pandemic significantly and negatively impacted the Company's ability to adequately conduct proper oversight of the Phase 3 clinical trial, that due to lack of proper oversight and reliance on contract research organizations, the data from Defendants' Phase 3 clinical trial faced a greater risk of being unreliable and that the majority of patients would have to be excluded from the clinical trial, that, as a result of the significant exclusions from the trial results, the Phase 3 clinical trial would fail to meet its primary endpoints, and that statements about BioVie's business, operations, prospects, and compliance with current good clinical practices were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased BioVie Inc. shares and continue to hold any of those NASDAQ: BIVI shares, have also certain options and should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
