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Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 11, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Iterum Therapeutics plc ("Iterum" or the "Company") (NASDAQ: ITRM) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
It is alleged in this lawsuit that Iterum throughout the Class Period made misleading and/or false statements and/or failed to disclose that: (1) the sulopenem New Drug Application ("NDA") lacked sufficient data that would support the approval of treatment of adult women with uncomplicated urinary tract infections ("uUTIs") caused by designated susceptible microorganisms proven or strongly suspected to be non-susceptible to a quinolone; (2) it was unlikely that the U.S. Food and Drug Administration ("FDA") would approve the sulopenem NDA in its current form, accordingly; (3) Iterum downplayed the severity of issues and deficiencies associated with the sulopenem NDA; and (4) Iterum's public statements were materially false and misleading at all relevant times, as a result. This lawsuit claims that investors suffered damages, when the true details entered the market.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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