NEW YORK, Jan. 11, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Phathom Pharmaceuticals, Inc. (“Phathom” or the “Company”) FAT on behalf of Phathom shareholders. Our investigation concerns whether Phathom has violated federal securities laws and/or engaged in other illegal business practices.

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On August 2, 2022, prior to the close of trading, Phathom issued a press release titled, “Phathom Pharmaceuticals Reports Second Quarter 2022 Financial Results and Provides Business Updates,” announcing that “in our post-market approval, we have detected trace amounts of nitrosamines in vonoprazan medicinal products as we prepared for commercial launch.” The press release also announced that “[t]The Company is working with the FDA and plans to approve and implement an additional test method, specification, including a proposed acceptable intake limit, and additional controls to address this contamination prior to commercializing our first Vonoprazan-based products.” Eventually the company announced that “[t]These additional activities will result in a delay in the planned product launches of VOQUEZNA DUAL PAK and VOQUEZNA TRIPLE PAK.”

As a result of this news, Phathom’s stock price fell $2.61 per share, or 28%, to close at $6.46 per share on August 2, 2022.

If you have purchased or otherwise acquired Phathom stock and have suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests in relation to these matters, please contact us Brandon Walker or Melissa Fortunato via email at investigations@bespc.comby phone at (212) 355-4648 or by fill out this contact form. There are no costs or obligations for you.

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Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York…