LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Apyx Medical Corporation To Contact The Firm

    Reading Time: 3 minutes

    NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
    investors in Apyx Medical Corporation f/k/a Bovie Medical Corporation
    (“Apyx” or the “Company”) (NASDAQ:APYX) of the June 17, 2019 deadline to
    seek the role of lead plaintiff in a federal securities class action
    that has been filed against the Company.

    If you invested in Apyx stock or options between August 1, 2018 and
    April 1, 2019
    and would like to discuss your legal rights, click
    : www.faruqilaw.com/APYX.
    There is no cost or obligation to you.

    You can also contact us by calling Richard Gonnello toll free at
    or at 212-983-9330 or by sending an e-mail to [email protected].

    The lawsuit has been filed in the U.S. District Court for the Middle
    District of Florida on behalf of all those who purchased Apyx securities
    between August 1, 2018 and April 1, 2019 (the “Class Period”). The case, Pritchard
    v. APYX Medical Corporation et al.,
    No. 19-cv-00919 was filed on
    April 17, 2019, and has been assigned to Judge Susan C. Bucklew.

    The lawsuit focuses on whether the Company and its executives violated
    federal securities laws by making false and/or misleading statements
    and/or failing 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.

    On February 21, 2019, White Diamond Research released a report alleging,
    among other things, that “Apyx did not reveal the results of its
    clinical study on J-Plasma use for dermal resurfacing–a red flag that it
    may have missed its endpoints.”

    On this news, the Company’s stock price fell from $8.50 per share on
    February 20, 2019 to $6.40 per share on February 21, 2019—a $2.10 or
    24.71% drop.

    On April 1, 2019, after the market closed, the Company revealed that it
    had withdrawn its application for regulatory clearance of J-Plasma for
    use in dermal resurfacing procedures, citing concerns raised by the FDA.
    It also revealed that the clinical study for J-Plasma had missed its
    primary efficacy endpoint.

    On this news, the Company’s stock price fell from $6.95 per share on
    April 1, 2019 to $4.46 per share on April 2, 2019—a $2.49 or 35.83% drop.

    The court-appointed lead plaintiff is the investor with the largest
    financial interest in the relief sought by the class who is adequate and
    typical of class members who directs and oversees the litigation on
    behalf of the putative class. Any member of the putative class may move
    the Court to serve as lead plaintiff through counsel of their choice, or
    may choose to do nothing and remain an absent class member. Your ability
    to share in any recovery is not affected by the decision to serve as a
    lead plaintiff or not.

    Faruqi & Faruqi, LLP also encourages anyone with information regarding
    Apyx’s conduct to contact the firm, including whistleblowers, former
    employees, shareholders and others.

    Attorney Advertising. The law firm responsible for this advertisement is
    Faruqi & Faruqi, LLP (www.faruqilaw.com).
    Prior results do not guarantee or predict a similar outcome with respect
    to any future matter. We welcome the opportunity to discuss your
    particular case. All communications will be treated in a confidential


    685 Third Avenue, 26th Floor
    York, NY 10017
    Attn: Richard Gonnello, Esq.
    [email protected]
    (877) 247-4292 or (212) 983-9330