INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against AVROBIO, Inc. and Encourages Investors with Losses to Contact the Firm
AVROBIO, Inc. (AVRO)
Last avrobio, inc. earnings: 11/7 07:00 am
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US:NASDAQ Investor Relations:
investors.avrobio.com/investor-relations
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AVROBIO, Inc. (“AVROBIO” or “the Company”) (NASDAQ: AVRO) 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. AVROBIO released its financial and operating results for the fourth quarter and fiscal year 2019 on March 16, 2020. The Company reported a net loss of $22.7 million for the quarter and a loss of $73 million for the year. These results are especially negative when compared to the Company’s loss of $16 million for the fourth quarter of 2018 and $46.4 million for the fiscal year of 2018. The Company commented on its increasing losses, staying: “These increases were due to increased research and development expenses, as well as increased general and administrative expenses.” Ba
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