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The Company issued a letter to Shareholders covering the initial results of the investigation initiated on May 16, 2022.
Special Committee's primary findings include that certain former Ampio executive officers and senior staff were aware, at the time of the per-protocol interim analysis in March 2020, that the AP-013 trial did not demonstrate efficacy for Ampion on its co-primary endpoints of pain and function; and that these former Ampio executive officers and senior staff did not fully report the results of the AP-013 trial and the timing of unblinding of data from the AP-013 trial.
Failure to Disclose,
Breach of Fiduciary duty,
Shock Event Date
03 August 2022