ELAN NEWS: Johnson Fistel has Commenced an Investigation on Behalf of Elanco Animal Hospital Shareholders
/EIN News/ -- SAN DIEGO, June 28, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Elanco Animal Health Incorporated ("Elanco" or the "Company") (NYSE: ELAN) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased Elanco securities? If you purchased securities and suffered losses on your investment, join our investigation now:
Click Here to Join the Investigation
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? On June 27, 2024, Elanco issued a press release providing updates on the anticipated U.S. Food and Drug Administration (FDA) approval timelines for Zenrelia and Credelio Quattro. According to the release, Zenrelia is now expected to receive FDA approval in the third quarter of 2024, with a potential commercial launch planned for the fourth quarter of the same year. Elanco had previously set a launch timeline for Zenrelia in the third quarter. Additionally, the press release indicated that Credelio Quattro is now anticipated to receive FDA approval in the fourth quarter of 2024, adjusting from the previously projected approval timeline in the third quarter.
Following this news, the company’s stock price fell 20%, to close at $14.28 per share on June 27, 2024.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
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