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 AVROBIO, Inc. (“AVROBIO” or “the Company”) (NASDAQ: AVRO) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. AVROBIO issued a press release before market hours on May 3, 2021. The release, titled: “AVROBIO Provides Regulatory Update on Investigational AVR-RD-01 for Fabry Disease,” disclosed that “AVROBIO can no longer pursue an accelerated approval pathway for AVR-RD-01 with the FAB-GT trial as currently designed.” Based on this news, shares of AVROBIO fell by 18% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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