Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In TherapeuticsMD, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in TherapeuticsMD, Inc. (“TherapeuticsMD” or the “Company”) (NYSEMKT:TXMD) of the June 19, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.
The lawsuit has been filed in the U.S. District Court for the Southern District of Florida on behalf of all those who purchased TherapeuticsMD stock or options between July 7, 2016 and April 9, 2017 (the “Class Period”). The case, Paoli v. TherapeuticsMD, Inc. et al, No. 17-cv-80473 was filed on April 17, 2017, and has been assigned to Judge Robin L. Rosenberg.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose the Company's New Drug Application (“NDA”) submission U.S. Food and Drug Administration (“FDA”) for TX-004HR a treatment of moderate-to-severe dyspareunia, would be deficient.
Specifically, on April 10, 2017, the Company announced that it had received a letter from the FDA on April 7, 2017 stating that, as part of its ongoing review of the NDA, the FDA had identified deficiencies that preclude discussion of the drug’s labeling and postmarketing requirements/commitments. After the announcement, TherapeuticsMD’s share price fell from $7.70 per share on April 7, 2017 to a closing price of $6.20 on April 10, 2017—a $1.50 or a 19.5% drop.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
Faruqi & Faruqi, LLP also encourages anyone with information regarding TherapeuticsMD’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.