EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Innocoll Holdings plc - INNL

NEW YORK--()--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Innocoll Holdings plc (“Innocoll”) (NASDAQ:INNL) resulting from allegations that Innocoll may have issued materially misleading business information to the investing public.

Innocoll’s lead product candidate is XARACOLL, which aims to treat postsurgical pain. Innocoll filed a New Drug Application (“NDA”) with the U.S. Food & Drug Administration (“FDA”) in October 2016.

On December 29, 2016, Innocoll announced that it had received a Refusal to File letter from the FDA as to XARACOLL’s NDA. According to Innocoll, the reasons the FDA provided included, among other things, that XARACOLL should have been characterized as a drug/device combination, requiring Innocoll to submit further information. On this news, Innocoll shares fell $1.16 in intraday trading on December 30, or 66%.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Innocoll investors. If you purchased shares of Innocoll on or before December 29, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1019.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Recent Stories

RSS feed for The Rosen Law Firm, P.A.

Release Summary

Rosen Law Firm Investigates Claims on Behalf of Innocoll investors to seek recovery of losses.

The Rosen Law Firm, P.A.