Apyx Medical Corporation

Ticker: APYX

Class Period Start: 05/12/2021

Class Period End: 03/11/2022

Registration Deadline: 08/05/2022

A securities class action has been filed in the USDC, M.D.FL. against Apyx Medical Corporation (APYX) on behalf of shareholders who purchased Apyx securities between May 12, 2021 through March 11, 2022.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

  • that a significant number of Apyx’s Advanced Energy products were used for off-label indications;
  • that such off-label uses led to an increase in the number of medical device reports filed by Apyx reporting serious adverse events;
  • that, as a result, the Company was reasonably likely to incur regulatory scrutiny;
  • that, as a result of the foregoing, the Company’s financial results would be adversely impacted; and
  • that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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