aTyr Pharma, Inc.(US:ATYR) Prnewswireยท2025-10-28 13:34Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against aTyr Pharma, Inc. due to allegations of misleading statements regarding the efficacy of its drug Efzofitimod, which led to significant financial losses for investors [1][3]. Summary by Sections Company Overview - aTyr Pharma, Inc. is a biopharmaceutical company whose stock is traded on NASDAQ under the ticker ATYR [1]. Legal Investigation - The law firm Faruqi & Faruqi is encouraging investors who suffered losses from aTyr's securities between January 16, 2025, and September 12, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against aTyr, with a deadline of December 8, 2025, for investors to seek the role of lead plaintiff [1]. Allegations - The complaint alleges that aTyr and its executives violated federal securities laws by making false and misleading statements about Efzofitimod, particularly regarding its ability to allow patients to taper off steroid usage [3]. - The EFZO-FIT study results indicated that efzofitimod did not significantly reduce the mean daily oral corticosteroid dose compared to placebo, with a reduction of only 2.79 mg for the drug versus 3.52 mg for placebo [4]. - The study reported that complete steroid withdrawal was achieved in 52.6% of patients treated with efzofitimod compared to 40.2% on placebo [4]. Stock Performance - Following the release of the study results, aTyr's stock plummeted by 83.25%, dropping from a market close of $6.03 on September 12 to $1.01 on September 15 [4].