APYX Medical Corporation f/k/a/ Bovie Medical Corporation Securities Litigation

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Lawsuit Overview

Defendant:Apyx Medical Corporation
Date Filed:April 17th, 2019
Sector:Health Care
Industry:Medical/Dental Instruments
Class Start Date:December 21st, 2018
Class End Date:April 1st, 2019
Settlement Website: http://www.ApyxSecuritiesSettlement.com

According to the Complaint, APYX Medical Corporation is a medical technology company that purportedly develops J-Plasma, a plasma-based surgical product for cutting, coagulation and ablation of soft tissue. The Company markets and sells J-Plasma under the brand name Renuvion Cosmetic Technology. The Company claims that it has developed J-Plasma/Renuvion for use in dermal resurfacing procedures. Apyx was formerly known as Bovie Medical Corporation, and its stock traded on the New York Stock Exchange ("NYSE") under the symbol "BVX" until January 1, 2019.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. The Complaint specifically alleges Defendants made false and/or misleading statements and/or failed to disclose: (1) that the clinical study on the use of J-Plasma for dermal resurfacing had not met its primary efficacy endpoint; (2) that, as a result, the clinical study did not support the Company's application for regulatory clearance; (3) that, as a result, the Company was unlikely to receive regulatory approval of J-Plasma for dermal resurfacing; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

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First Identified Complaint

Kyle Pritchard, et al. v. APYX Medical Corporation, et al.

Date Filed:April 17th, 2019
Class Period Start:December 21st, 2018
Class Period End:April 1st, 2019
First Identified Complaint Filings
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