An investigation on behalf of investors in REGENXBIO Inc. (NASDAQ: RGNX) shares over potential wrongdoing at REGENXBIO Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/01/2020 -- An investigation on behalf of investors in shares of REGENXBIO Inc. (NASDAQ: RGNX) was announced over potential breaches of fiduciary duties by certain directors at REGENXBIO Inc.
Investors who purchased shares of REGENXBIO Inc. (NASDAQ: RGNX) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain REGENXBIO directors breached their fiduciary duties and caused damage to the company and its shareholders.
Rockville, MD based REGENXBIO Inc., a clinical-stage biotechnology company, provides gene therapy product candidates to deliver genes to cells to address genetic defects or to enable cells in the body to produce therapeutic proteins or antibodies that are intended to impact disease. REGENXBIO Inc. reported that its annual Total Revenue declined from $218.5 million in 2018 to $35.23 million in 2019, and that its Net Income of $99.93 million in 2018 declined to a Net Loss of $94.73 million in 2019.
Shares of REGENXBIO Inc. (NASDAQ: RGNX) declined from $85.10 per share in July 2018 to as low as $20.03 per share on March 18, 2020.
Those who purchased shares of REGENXBIO Inc. (NASDAQ: RGNX), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.