Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of DBV Technologies S.A. Investors (DBVT)
LOS ANGELES--(BUSINESS WIRE)--Jan 17, 2019--Glancy Prongay & Murray LLP (“GPM”), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that acquired DBV Technologies S.A. (“DBV Technologies” or the “Company”) (NASDAQ: DBVT ) securities between October 22, 2018 and December 19, 2018, inclusive (the “Class Period”). DBV Technologies investors have until March 18, 2019 to file a lead plaintiff motion.
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On December 19, 2018, DBV Technologies revealed that, following discussions with the U.S. Food and Drug Administration (FDA), its Biologics License Application (BLA) for Viaskin Peanut was voluntarily withdrawn. According to the Company, the FDA communicated that “the level of detail with regards to data on manufacturing and quality controls was insufficient in the BLA.” On this news, DBV Technologies’ share price fell $8.39, or nearly 60%, to close at $5.76 on December 20, 2018, thereby injuring investors.
The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) DBV Technologies’ BLA for Viaskin Peanut failed to provide the FDA with sufficient data on manufacturing procedures and quality controls; (2) consequently, DBV Technologies would have to withdraw their BLA for Viaskin Peanut; and (3) as a result, defendants’ statements about DBV Technologies’ business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
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If you purchased shares of DBV Technologies during the Class Period you may move the Court no later than March 18, 2019 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20190117005653/en/
CONTACT: Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Glancy Prongay & Murray LLP
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PUB: 01/17/2019 12:49 PM/DISC: 01/17/2019 12:48 PM