Amylyx Pharmaceuticals Inc. and top executives failed to shake proposed class allegations that they overstated its now-withdrawn treatment’s commercial potential within the ALS community to investors.
The suing shareholder alleged a sufficient inference the top brass had access to data tracking a high number of discontinuations, in this case contradicting alleged misstatements about its opportunity to attract new patients, Judge
The Food and Drug Administration approved Relyvrio to treat amyotrophic lateral sclerosis, a deadly neurological disease, in 2022 while a third-phase study was pending.
Investor Oliver Shih adequately pleaded rosy projections ...