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Kuehn Law Encourages Investors of Amylyx Pharmaceuticals, Inc. to Contact Law Firm
Prnewswire· 2024-07-18 23:00
Core Viewpoint - Kuehn Law is investigating potential breaches of fiduciary duties by officers and directors of Amylyx Pharmaceuticals, Inc. related to misrepresentation of the company's drug RELYVRIO's commercial prospects [1] Group 1: Allegations Against Amylyx Pharmaceuticals - Insiders allegedly overstated the commercial prospects of RELYVRIO [1] - Patients reportedly discontinued treatment with RELYVRIO after six months [1] - The rate of new patients starting treatment with RELYVRIO was decreasing [1] - Consequently, the prescription rate for RELYVRIO was also overstated [1] - Insiders are accused of attempting to conceal these negative trends from investors by blocking analysts from accessing prescription data [1] - As a result, the company's public statements were materially false and misleading [1]
Amylyx Pharmaceuticals, Inc. (AMLX) Avexitide Acquisition Conference Call Transcript
2024-07-10 18:23
Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) Avexitide Acquisition Conference Call July 10, 2024 8:00 AM ET Company Participants Lindsey Allen - Head of Investor Relations and Communications Justin Klee - Co-Chief Executive Officer Joshua Cohen - Co-Chief Executive Officer Camille Bedrosian - Chief Medical Officer James Frates - Chief Financial Officer Conference Call Participants Corinne Jenkins - Goldman Sachs Michael DiFiore - Evercore ISI Graig Suvannavejh - Mizuho Securities Charlie Yang - Bank of Americ ...
Amylyx Pharmaceuticals, Inc. (AMLX) Avexitide Acquisition Conference Call Transcript
Seeking Alpha· 2024-07-10 18:23
Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) Avexitide Acquisition Conference Call July 10, 2024 8:00 AM ET Company Participants Lindsey Allen - Head of Investor Relations and Communications Justin Klee - Co-Chief Executive Officer Joshua Cohen - Co-Chief Executive Officer Camille Bedrosian - Chief Medical Officer James Frates - Chief Financial Officer Conference Call Participants Corinne Jenkins - Goldman Sachs Michael DiFiore - Evercore ISI Graig Suvannavejh - Mizuho Securities Charlie Yang - Bank of Americ ...
Amylyx(AMLX) - 2024 Q1 - Earnings Call Transcript
2024-05-09 14:40
Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) Q1 2024 Results Conference Call May 9, 2024 8:00 AM ET Company Participants Lindsey Allen - Head, IR & Communications Justin Klee - Co-CEO Camille Bedrosian - CMO Jim Frates - CFO Josh Cohen - Co-CEO Conference Call Participants Corinne Jenkins - Goldman Sachs Graig Suvannavejh - Mizuho Operator Good morning. My name is Morgan, and I will be your conference operator today. At this time, I would like to welcome everyone to the Amylyx Pharmaceuticals First Quarter 20 ...
Amylyx Pharmaceuticals, Inc. (AMLX) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-05-09 13:16
Amylyx Pharmaceuticals, Inc. (AMLX) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -291.67%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.07, delivering a surprise of -65%.Over the last four quarters, the company h ...
Amylyx(AMLX) - 2024 Q1 - Quarterly Report
2024-05-09 11:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------------------------------|------------------------------------------| | | | | For the transition peri ...
Amylyx(AMLX) - 2024 Q1 - Quarterly Results
2024-05-09 11:05
Exhibit 99.1 Amylyx Pharmaceuticals Reports First Quarter 2024 Financial Results ˗ Company plans to engage with FDA based on interim data from the Phase 2 HELIOS clinical trial demonstrating improvements in pancreatic function, glycemic control, and vision in participants with Wolfram syndrome treated with AMX0035; topline data from all 12 participants at Week 24 anticipated in fall of 2024 ˗ Interim analysis from the ORION study of AMX0035 in progressive supranuclear palsy continues to be expected in mid-2 ...
Amylyx (AMLX) Withdraws ALS Drug, Cuts Workforce by 70%
Zacks Investment Research· 2024-04-04 18:21
Amylyx Pharmaceuticals, Inc. (AMLX) announced that it will remove its amyotrophic lateral sclerosis (ALS) drug Relyvrio (sodium phenylbutyrate and taurursodiol, also known as AMX0035) from the U.S. markets and it has already started a process with the FDA on the same.The drug, approved under the brand name Albrioza in Canada, will also be removed from Canadian markets.While the formal decision to remove the drug from these markets has come recently, the company was contemplating the same following the failu ...
Amylyx Pharmaceuticals Appoints Bernhardt Zeiher, MD, FCCP, FACP, to its Board of Directors
Businesswire· 2024-03-14 13:00
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLX) (“Amylyx” or the “Company”) today announced the addition of Bernhardt G. Zeiher, MD, FCCP, FACP, to its Board of Directors (“Board”). Dr. Zeiher brings more than 20 years of drug development experience where, in his various roles, he oversaw the approval of 15 new treatments that addressed people’s unmet needs in serious diseases with few to no treatment options. Most recently, he served as Chief Medical Officer (“CMO”) of Astell ...
Amylyx's (AMLX) ALS Drug Fails Pivotal Study, Stock Down 82%
Zacks Investment Research· 2024-03-11 17:36
Shares of Amylyx Pharmaceuticals (AMLX) nosedived 82.2% on Mar 8 after management announced topline results from the phase III PHOENIX study evaluating Relyvrio (AMX0035) for the treatment of amyotrophic lateral sclerosis (“ALS”). The study did not meet its primary or secondary endpoints.The PHOENIX study failed to achieve statistical significance in the primary endpoint of the Revised Amyotrophic Lateral Sclerosis Functional Rating Scale (ALSFRS-R) total score following 48 weeks of treatment with Relyvrio. ...