NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP announces that it has commenced an investigation of Trinity Biotech plc (“Trinity” or the “Company”) (NASDAQ:TRIB) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 4, 2016, Trinity revealed that it was withdrawing its 510(k) premarket notification submission for the Meritas Troponin-I Test and Meritas Point-of-Care Analyzer, following the U.S. Food and Drug Administration’s advice. Trinity also said it would decrease its spending by roughly 85%, to $1.5 million from $9 million each year, and that it would close its Swedish facility, eliminating 40 jobs. Following this news, Trinity stock dropped $6.53 per share, more than 50 percent, to close at $6.46 on October 4, 2016. To obtain additional information about the investigation, go to:
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