NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Egalet Corporation ("Egalet" or the "Company") (NASDAQ: EGLT).
The investigation focuses on whether the Company and its executives violated federal securities laws.
Specifically, on January 9, 2017, Egalet issued a press release announcing the approval of its product Arymo ER. Later that day, the Federal Drug Administration issued a statement regarding Arymo ER's approval indicating that another product, MorphaBond, "has marketing exclusivity for labeling describing the expected reduction of abuse of single-entity extended-release morphine by the intranasal route due to physicochemical properties." On this news, Egalet's share price was negatively affected.
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Take Action
If you invested in Egalet stock, bonds or options and would like to discuss your legal rights, visit www.faruqilaw.com/EGLT. 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 rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Egalet's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
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SOURCE Faruqi & Faruqi, LLP
