PR Newswire
NEW YORK
,
May 24, 2022
/PRNewswire/ — The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Axsome Therapeutics, Inc. (NASDAQ: AXSM) alleging that the Company violated federal securities laws.
Class Period:
December 30, 2019
to
April 22, 2022
Lead Plaintiff Deadline:
July 12, 2022
No obligation or cost to you.
Learn more about your recoverable losses in AXSM:
https://www.kleinstocklaw.com/pslra-1/axsome-therapeutics-inc-loss-submission-form?id=27575&from=4
Axsome Therapeutics, Inc. NEWS – AXSM NEWS
CLASS ACTION CASE DETAILS:
The filed complaint alleges that Axsome Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Axsome’s chemistry, manufacturing, and control (“CMC”) practices were deficient with respect to AXS-07, the Company’s medicine for the acute treatment of migraine, and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 New Drug Application (“NDA”) on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the U.S. Food and Drug Administration (“FDA”) reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07’s regulatory and commercial prospects; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER:
If you have suffered a loss in Axsome you have until
July 12, 2022
to petition the court for lead plaintiff status. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU:
If you purchased Axsome securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS:
For additional information about the AXSM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link:
https://www.kleinstocklaw.com/pslra-1/axsome-therapeutics-inc-loss-submission-form?id=27575&from=4
.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY
10118
[email protected]
Telephone: (212) 616-4899
www.kleinstocklaw.com
SOURCE The Klein Law Firm
