Investigation Overview
August 10, 2017 (Shareholders Foundation) - An investigation on behalf of investors in shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) was announced over potential breaches of fiduciary duties by certain officers and directors at Valeritas Holdings.
The investigation by a law firm concerns whether certain Valeritas Holdings directors breached their fiduciary duties and caused damage to the company and its shareholders.
Bridgewater, NJ based Valeritas Holdings, Inc. is a commercial-stage medical technology company. The Company is focused on developing technologies for Type 2 diabetes. Valeritas Holdings, Inc. reported that its annual Total Revenue rose from $18.10 million in 2015 to $19.55 million in 2016 and that its Net loss declined from $67.19 million in 2015 to $46.37 million in 2016.
Shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) closed on August 10, 2017 at $5.64 per share.