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News  ›  GlobeNewswire Inc.

MLTX CLASS REMINDER: MoonLake Immunotherapeutics Investors with Losses May have been Affected by Fraud – Contact BFA Law by December 15 Legal Deadline

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
MLTX CLASS REMINDER: MoonLake Immunotherapeutics Investors with Losses May have been Affected by Fraud – Contact BFA Law by December 15 Legal Deadline

MoonLake Immunotherapeutics faces a securities fraud lawsuit after reporting disappointing Phase 3 VELA trial results for its investigational drug sonelokimab, causing its stock price to drop nearly 90%.

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MLTX   negative

Stock price collapsed by 90% after failed clinical trials, potential regulatory approval challenges, and allegations of misleading investors about drug's clinical benefits