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EYPT.US
id: 960, Created by , Scout

EyePoint (EYPT) Subpoena Case

  • In Aug 2022, EyePoint disclosed receiving a subpoena from the U.S. Attorney's Office for the District of Massachusetts.
  • On it, $EYPT fell 10%, losing $56M+ shareholder value.
  • Investors may have grounds to suspect EyePoint of hiding regulatory issues.
On August 30, 2022, after market hours, EyePoint disclosed that it had received a subpoena from the U.S. Attorney's Office for the District of Massachusetts seeking documents regarding sales practices for its postoperative inflammation treatment, DEXYCU

On this news, $EYPT fell 10% and lost over $56 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that EyePoint and its executives failed to disclose regulatory setbacks, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
31 August 2023
Collecting participants…

Eyepoint Pharmaceuticals Inc

EyePoint Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, engages in developing and commercializing therapeutics to improve the lives of patients with serious retinal diseases. Th...

    Ticker
    EYPT.US
    ISIN
    US30233G2093
    CIK
    1314102
    Sector
    Healthcare
    Industry
    Biotechnology
    Country
    USA
    Address
    480 Pleasant Street, Watertown, MA, United States, 02472