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Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Sanofi (SNY) Investigation

Friday, 01 July 2022 11:00 AM

Bronstein, Gewirtz and Grossman, LLC

Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / July 1, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sanofi ("Sanofi" or "the Company") (NASDAQ:SNY). Investors who purchased Sanofi securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/sny.

Bronstein, Gewirtz and Grossman, LLC, Friday, July 1, 2022, Press release picture

The investigation concerns whether Sanofi and certain of its officers and/or directors have violated federal securities laws.

On June 30, 2022, Sanofi announced that "[t]he U.S. Food and Drug Administration (FDA) has placed Phase 3 studies of tolebrutinib in multiple sclerosis (MS) and myasthenia gravis on partial clinical hold. As a result, new enrollment in the United States (U.S.) is paused, and participants in the U.S. who have been in the trial for fewer than 60 days shall suspend study drug." Sanofi stated that "[t]he FDA action was based on a limited number of cases of drug-induced liver injury that have been identified with tolebrutinib exposure in Phase 3 studies." On this news, Sanofi's stock price fell $2.64 per share, or 5.01%, to close at $50.03 per share on June 30, 2022.

If you are aware of any facts relating to this investigation or purchased Sanofi shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/sny. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]

SOURCE: Bronstein, Gewirtz & Grossman, LLC

Topic:
Lawsuits
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