Investigation Overview
June 9, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Shire PLC (ADR) (NASDAQ:SHPG) shares over potential securities laws violations by Shire PLC and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Shire PLC (ADR) (NASDAQ:SHPG) concerning whether a series of statements by Shire PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 7, 2017, Shire PLC revealed that it has stopped a U.S. study of Alpha-1 Antitrypsin (G1-ATT IV), its graft-versus-host disease treatment, and will hand over its Investigational New Drug application to Kamada Ltd. for additional testing
Shares of Shire PLC (ADR) (NASDAQ:SHPG) closed on June 9, 2017 at $165.02 per share.