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News  ›  GlobeNewswire Inc.

MLTX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that MoonLake Immunotherapeutics Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
MLTX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that MoonLake Immunotherapeutics Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

A class action lawsuit has been filed against MoonLake Immunotherapeutics alleging securities fraud related to misrepresentations about their drug candidate sonelokimab, which led to significant stock value loss.

Insights
META   positive

Announced massive $600 billion investment in US AI technology by 2028


MLTX   negative

Stock lost nearly 90% of its value after Phase 3 trial results revealed alleged misrepresentations about drug efficacy, with lawsuit claiming false statements about drug candidate sonelokimab's performance