Investigation Overview
An investigation on behalf of current long-term investors in shares of Windtree Therapeutics, Inc. (OTC: WINT) was announced over potential breaches of fiduciary duties by certain officers and directors at Windtree Therapeutics.
The investigation by a law firm concerns whether certain Windtree Therapeutics directors breached their fiduciary duties and caused damage to the company and its shareholders.
Warrington, PA based Windtree Therapeutics, Inc., a biotechnology company, focuses on developing surfactant therapies for respiratory diseases and other potential applications. Windtree Therapeutics, Inc. reported that its annual Total Revenue declined from $2.04 million in 2016 to $1.48 million in 2017 and that its Net Loss declined from $39.49 million in 2016 to $18.44 million in 2017.
Shares of Windtree Therapeutics, Inc. (OTC: WINT) declined from $66.00 per share in October 2016 to as low as $2.53 per share in October 2018.