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Portnoy Law: Lawsuit Filed On Behalf of BioMarin Pharmaceutical, Inc. Investors

Click here to join the case

LOS ANGELES, Sept. 30, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of BioMarin Pharmaceutical, Inc. ("BioMarin" or "the Company") (NASDAQ: BMRN) investors that acquired securities between February 28, 2020 and August 18, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

According to the complaint, BioMarin made misleading and false statements to the market. BioMarin’s Phase 3 trial of valoctocogene roxaparvovec differed from its Phase 1/2 trial, which lowered the reliability of the earlier study’s data on durability of effect. This put BioMarin at risk of the rejection of FDA approval of the BLA for valoctocogene roxaparvovec without the submission of additional supporting data. Based on these facts, BioMarin’s public statements were false and materially misleading throughout the class period. Investors suffered damages when the market learned the truth about BioMarin.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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