LOS ANGELES, April 9, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of FibroGen, Inc. («FibroGen» or «the Company») (NASDAQ: FGEN) 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. FibroGen issued a statement on April 6, 2021, providing «clarification of certain prior disclosures of U.S. primary cardiovascular safety analyses from the roxadustat Phase 3 program for the treatment of anemia of chronic kidney disease (‘CKD’).» The Company stated that its safety analysis «included post-hoc changes to the stratification factors.» FibroGen disclosed that based on analyses using the pre-specified stratification factors, the Company «cannot conclude that roxadustat reduces the risk of (or is superior to) MACE+ in dialysis, and MACE and MACE+ in incident dialysis compared to epoetin-alfa.» Based on this news, shares of FibroGen dropped sharply.
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SOURCE The Schall Law Firm