Dova Pharmaceuticals, Inc.

Practice Area: 
Stock Symbol: 
DOVA
Case Status: 
Investigations

Ademi & O’Reilly, LLP is investigating Dova Pharmaceuticals, Inc. (Nasdaq: DOVA) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Dova to Swedish Orphan Biovitrum.

Ademi & O’Reilly, LLP alleges Dova’s financial outlook is improving and yet shareholders will receive only receive $27.50 per share in cash, along with one non-tradeable Contingent Value Right that entitles them to an additional $1.50 per share in cash upon regulatory approval of DOPTELET for the treatment of chemotherapy-induced thrombocytopenia, representing a total potential consideration of $29.00 per share, or a total potential consideration of up to $915 million on a fully diluted basis..  Swedish Orphan Biovitrum is acquiring Dova at a substantial discount.  The merger agreement unreasonably limits competing bids for Dova by prohibiting solicitation of further bids, and imposing a termination penalty if Dova accepts a superior bid. Dova insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Dova’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Dova.