LOS ANGELES, Dec. 27, 2018 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DBV Technologies S.A. (“DBV Technologies” or “the Company”) (NASDAQ: DBVT) 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. DBV Technologies disclosed on December 19, 2018, that the Company had withdrawn its Biologics License Application (“BLA”) for Viaskin Peanut in children between four and eleven years old after discussions between the Company and the FDA. The Company stated, “although the agency did not reference any medical or clinical questions with the submission of Viaskin Peanut, the FDA did communicate that the level of detail with regards to data on manufacturing and quality controls was insufficient in the BLA.” Based on this news, shares of DBV Technologies fell by almost 60% on December 20, 2018.
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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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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
Cell: 424-303-1964
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