LOS ANGELES, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming March 5, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Assertio Holdings, Inc. ("Assertio" or the "Company") (NASDAQ:ASRT) securities between March 9, 2023 and November 8, 2023, inclusive (the "Class Period").
If you suffered a loss on your Assertio investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Assertio-Holdings-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On August 3, 2023, the U.S. Food and Drug Administration ("FDA") granted Zydus Lifesciences Limited ("Zydus") approval and 180-day Competitive Generic Therapies exclusivity to market its generic version of Assertio's Indocin Suppositories. Following the FDA's decision, Assertio withdrew its 2023 financial outlook. On this news, Assertio's stock price fell $2.44, or 45.6%, to close at $2.91 per share on August 4, 2023, thereby injuring investors.
Then, ...
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