Los Angeles - (NewMediaWire) - April 29, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Protagonist Therapeutics, Inc. (“Protagonist Therapeutics” or “the Company”) (NASDAQ: PTGX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Protagonist Therapeutics disclosed in an April 13, 2022, SEC filing that: “The Company has received a letter from United States Food and Drug Administration (the “FDA”) indicating the FDA’s intent to rescind Breakthrough Therapy Designation for the Company’s rusfertide product candidate in polycythemia vera,” based on “observed malignancies.” Based on this news, shares of Protagonist Therapeutics fell by 21% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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