LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ampio Pharmaceuticals, Inc. (“Ampio” or “the Company”) (NYSE: AMPE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ampio filed a Form 8-K with the SEC after regular trading hours ended on August 7, 2018. The purpose of the Form 8-K was to provide an update on the FDA’s review of Ampion, and specifically the AP-003-A and AP-003-C trials. Ampio informed the market that it met with the FDA in July, 2018, and received a response letter after that meeting which stated, “as a single trial[,] the AP-003-A study alone does not appear to provide sufficient evidence of effectiveness to support [the Biologics License Application].” The FDA also stated, “the FDA does not consider the AP-003-C trial to be an adequate and well-controlled clinical trial.” Based on this news, shares of Ampio fell almost 79% on August 8, 2018.
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