Investigation Overview
An investigation on behalf of investors in shares of Aevi Genomic Medicine, Inc. (NASDAQ: GNMX) was announced over potential breaches of fiduciary duties by certain officers and directors at Aevi Genomic Medicine, Inc.
The investigation by a law firm concerns whether certain Aevi Genomic Medicine directors breached their fiduciary duties and caused damage to the company and its shareholders.
Wayne, PA based Aevi Genomic Medicine, Inc., a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States.
Aevi Genomic Medicine, Inc reported that its Net Loss declined from $41.9 million in 2016 to $34.71 million in 2017.
Shares of Aevi Genomic Medicine, Inc. (NASDAQ: GNMX) declined from $6.18 per share in March 2017 to as low as $0.98 per share in late May 2017.