SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Progenics Pharmaceuticals Inc. - PGNX

NEW YORK, Sept. 1, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Progenics Pharmaceuticals Inc. ("Progenics" or the "Company") (NASDAQ:  PGNX).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Progenics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On August 31, post-market, Progenics announced that the commercial manufacturing facility for its lead product AZEDRA was not ready for a pre-approval inspection by the U.S. Food and Drug Administration, and as a result, the Company would be postponing the finalization of the New Drug Application for a few months. 

On this news, Progenics' share price has fallen as much as $0.68, or 10.10%, during intraday trading on September 1, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

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SOURCE Pomerantz LLP