Apyx Medical Company Investor Information: Robbins LLP is Investigating Apyx Medical Company (APYX) on Behalf of Shareholders – Lawyer Month-to-month


SAN DIEGO–(BUSINESS WIRE)–$APYX #APYX–Shareholder rights legislation agency Robbins LLP is investigating Apyx Medical Company (NASDAQ: APYX) and its officers and administrators to find out whether or not they breached fiduciary duties and violated securities legal guidelines by utilizing its merchandise for off-label indications. Apyx claims to be a sophisticated vitality know-how firm with merchandise within the beauty and surgical markets. Almost 80% of its income is derived from the Superior Vitality phase.

If you need extra details about our investigation of Apyx Medical Company’s misconduct, click on right here.

What is that this Case About: Based on the criticism, between Might 12, 2021 and March 11, 2022, defendants did not confide in buyers {that a} vital variety of Apyx’s Superior Vitality merchandise had been used for off-label indications and that such off-label makes use of led to a rise within the variety of medical system studies filed by Apyx reporting critical opposed occasions. Consequently, the Firm was fairly prone to incur regulatory scrutiny, which might adversely impression its monetary outcomes.

On March 14, 2022, Apyx disclosed that the FDA can be posting a Medical Gadget Security Communication (“MDSC”) associated to the Firm’s Superior Vitality Merchandise. The Firm additional disclosed that “[b]ased on our preliminary interactions with the FDA, we consider the Company’s MDSC will pertain to using our Superior Vitality merchandise outdoors of their FDA-cleared indication for basic use in reducing, coagulation, and ablation of soppy tissue throughout open and laparoscopic surgical procedures.” On this information, the Firm’s inventory fell $4.02, or over 40%, to shut at $5.66 per share on March 14, 2022.

Subsequent Steps: For those who acquired shares of Apyx Medical Company securities between Might 12, 2021 and March 11, 2022, you may have authorized choices. Contact Robbins LLP for extra data.

All illustration is on a contingency charge foundation. Shareholders pay no charges or bills.

Contact us to be taught extra:

Aaron Dumas

(800) 350-6003

adumas@robbinsllp.com
Shareholder Info Type

About Robbins LLP: A acknowledged chief in shareholder rights litigation, the attorneys and workers of Robbins LLP have been devoted to serving to shareholders get better losses, enhance company governance buildings, and maintain firm executives accountable for his or her wrongdoing since 2002. To be notified if a category motion in opposition to Apyx Medical Company settles or to obtain free alerts when company executives interact in wrongdoing, join Inventory Watch in the present day.

Lawyer Promoting. Previous outcomes don't assure the same consequence.

Contacts

Aaron Dumas

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

adumas@robbinsllp.com
(800) 350-6003

www.robbinsllp.com



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