We are investigating Genfit SA (GNFT) (“Genfit” or the “Company”) for potential violations of the federal securities laws.
On February 21, 2020, post-market, Genfit issued a press release announcing a delay in the release of topline results from the Phase 3 RESOLVE-IT study evaluating the Company’s lead drug elafibranor in patients with nonalcoholic steatohepatitis (“NASH”) with fibrosis. Genfit stated that the delay was in order “to incorporate the latest FDA insights expected by the end of March” and that “[t]his decision has been taken to ensure that the latest thinking in the NASH field is properly captured so the Company can optimize elafibranor’s NDA dossier at the time of submission.” On this news, Genfit’s stock price fell sharply during intraday trading on February 24, 2020.