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News  ›  GlobeNewswire Inc.

Deadline Alert: MoonLake Immunotherapeutics (MLTX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: MoonLake Immunotherapeutics (MLTX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

MoonLake Immunotherapeutics faces potential securities fraud lawsuit after announcing disappointing Phase 3 results for its drug candidate sonelokimab, which failed to match competitor's efficacy and caused significant stock price decline.

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MLTX   negative

Stock price dropped 89.9% after revealing drug candidate's lack of competitive advantage, potential misrepresentation of scientific claims, and potential legal action against the company