Investigation Overview
July 03, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of RXi Pharmaceuticals Corp (NASDAQ:RXII) was announced over potential breaches of fiduciary duties by certain officers and directors at RXi Pharmaceuticals.
The investigation by a law firm concerns whether certain RXi Pharmaceuticals officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Marlborough, MA based RXi Pharmaceuticals Corporation is a clinical-stage ribonucleic acid (RNA) interference (RNAi) company developing therapeutics in dermatology and ophthalmology that address unmet medical needs. RXi Pharmaceuticals Corp (NASDAQ:RXII) shares declined from $2.90 per share in June 2016 to $0.51 per share in May 2017.