Investigation Overview
April 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Proteon Therapeutics Inc (NASDAQ:PRTO) shares over potential securities laws violations by Proteon Therapeutics Inc and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Proteon Therapeutics Inc (NASDAQ:PRTO) concerning whether a series of statements by Proteon Therapeutics Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Waltham, MA based Proteon Therapeutics, Inc. is a late-stage biopharmaceutical company, which focuses on the development of pharmaceuticals to address the needs of patients with renal and vascular disease.
On December 13, 2016, Proteon Therapeutics Inc announced that vonapanitase did not meet its primary endpoint in its first Phase 3 PATENCY-1 clinical trial.