NEW YORK, March 13, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Accelerate Diagnostics, Inc. ("Accelerate" or the "Company") (NasdaqCM: AXDX).
The investigation focuses on whether the Company and its executives violated federal securities laws making materially false and misleading statements regarding the Company's business, operations, and prospects.
On February 18, 2015, an article published on the website www.SeekingAlpha.com revealed that Accelerate had falsely represented that its technology BACcel involves a technique for diagnosing pathogens in a blood sample without a need for using a blood culture. In reality, BACcel does require a blood culture which significantly reduces the value of the technology.
Following this news, Accelerate stock declined by $4.04 per share, or more than 18%, closing on February 20, 2015 at $18.05 per share.
Request more information now by clicking here: www.faruqilaw.com/AXDX. There is no cost or obligation to you.
Take Action
If you invested in Accelerate stock or options through February 18, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/AXDX. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Accelerate's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
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