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Edgewise Therapeutics, Inc. Investors: Company Investigated by the Portnoy Law Firm
Edgewise TherapeuticsEdgewise Therapeutics(US:EWTX) GlobeNewswire News Roomยท2025-08-14 19:53

Core Viewpoint - Edgewise Therapeutics, Inc. is under investigation for possible securities fraud following a decline in stock price after the announcement of clinical trial results for its lead asset, sevasemten [3][4]. Group 1: Company Overview - Edgewise Therapeutics, Inc. is focused on developing treatments for Becker and Duchenne muscular dystrophies [3]. - The company's lead asset is sevasemten, which recently reported clinical trial data [3]. Group 2: Recent Developments - On June 26, 2025, Edgewise Therapeutics announced clinical trial results that it characterized as "positive," but the FDA deemed the data insufficient for accelerated approval [3]. - Following this announcement, Edgewise's stock price fell by $1.27 per share, approximately 8.86%, closing at $14.33 per share [4]. Group 3: Legal Actions - The Portnoy Law Firm has initiated an investigation into Edgewise Therapeutics and may file a class action on behalf of investors who lost money [1]. - Investors are encouraged to contact the law firm for a complimentary case evaluation regarding their legal rights and options for recovering losses [2].