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Investors in Biohaven Ltd. Should Contact Levi & Korsinsky Before September 12, 2025 to Discuss Your Rights – BHVN
GlobeNewswire News Room· 2025-09-02 19:53
Core Viewpoint - A class action securities lawsuit has been filed against Biohaven Ltd. due to alleged securities fraud affecting investors between March 24, 2023, and May 14, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Biohaven Ltd. made false statements regarding the regulatory prospects of its product candidate, troriluzole, for treating SCA, and the sufficiency of data submitted for its regulatory approval [2]. - It is alleged that the efficacy and clinical prospects of another product, BHV-7000, for treating bipolar disorder were also overstated [2]. - The lawsuit suggests that the revelations of these misstatements would likely have a significant negative impact on Biohaven's business and financial condition [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until September 12, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Unicycive Therapeutics, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – UNCY
GlobeNewswire News Room· 2025-09-02 19:43
Core Viewpoint - A class action securities lawsuit has been filed against Unicycive Therapeutics, Inc. due to alleged securities fraud affecting investors between March 29, 2024, and June 27, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Unicycive overstated its readiness to meet FDA manufacturing compliance requirements [2]. - It is alleged that the regulatory prospects of the oxylanthanum carbonate new drug application were also overstated [2]. - Defendants' public statements are claimed to have been materially false and misleading throughout the relevant period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 14, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].
Investors in Altimmune, Inc. Should Contact Levi & Korsinsky Before October 6, 2025 to Discuss Your Rights – ALT
GlobeNewswire News Room· 2025-09-02 19:40
Core Viewpoint - Altimmune, Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between August 10, 2023, and June 25, 2025 [1] Group 1: Lawsuit Details - The lawsuit was initiated following Altimmune's announcement on June 26, 2025, regarding the topline results from the IMPACT Phase 2b MASH trial of Pemvidutide, which failed to achieve statistical significance in its primary endpoint of fibrosis reduction [2] - The company's stock price plummeted from $7.71 per share on June 25, 2025, to $3.61 per share on June 26, 2025, marking a decline of 53.2% in just one day [2] Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 6, 2025, to request the Court to appoint them as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Cytokinetics (CYTK) Conference Transcript
2025-09-02 19:32
Cytokinetics (CYTK) Conference Summary Company Overview - Cytokinetics is transitioning from R&D to commercialization, focusing on muscle biology and pharmacology related to cardiovascular and neuromuscular diseases [6][7] - The company has a strong leadership team with extensive experience in the industry [2][4][5] Key Developments - **Pipeline Overview**: Cytokinetics has developed a pipeline of potential medicines, particularly focusing on cardiac myosin modulation [8][9] - **Lead Compound**: Aficamten, a cardiac myosin inhibitor, is pending FDA review for obstructive hypertrophic cardiomyopathy (OHCM) with a PDUFA date set for December 26, 2025 [10] - **Recent Study Results**: Positive results from the MAPLE Phase III study were presented at the European Society of Cardiology, which may enable label expansion for aficamten [11][13] Market Strategy - Cytokinetics aims to build a specialty cardiology franchise, with multiple product launches anticipated over the coming years [13][16] - The company plans to leverage a concentrated customer segment with approximately 125 sales professionals in the U.S. and Europe [16] Financial Position - Cytokinetics reported approximately $1 billion in cash and investments as of Q2 [17][52] - The company has access to additional capital through loans from Royalty Pharma, totaling up to $425 million contingent on aficamten's approval [18][52][53] Competitive Landscape - The company acknowledges competition from Bristol Myers Squibb's mavacamten but believes aficamten's differentiated profile will drive adoption [20][27] - Current market penetration for cardiac myosin inhibitors is about 15% of the symptomatic diagnosed population in the U.S., indicating significant growth potential [27][28] Clinical Insights - Aficamten is designed for easy titration and has shown a favorable safety profile in clinical trials, which may enhance its appeal to physicians [22][23] - The company is optimistic about the potential for aficamten to become a first-line therapy for patients with OHCM, especially following the compelling data presented [34][36] Future Outlook - Cytokinetics is focused on expanding its pipeline and exploring partnerships to enhance its market presence [49][50] - The company is also preparing for the launch of omecamtiv mecarbil, which is undergoing a confirmatory study (COMET) to validate previous positive results [48] Conclusion - Cytokinetics is positioned for significant growth with a robust pipeline and a strategic focus on specialty cardiology, backed by a strong financial foundation and promising clinical data [19][52]
Amylyx Pharmaceuticals (AMLX) Conference Transcript
2025-09-02 18:02
Summary of Amylyx Pharmaceuticals (AMLX) Conference Call - September 02, 2025 Company Overview - **Company**: Amylyx Pharmaceuticals (AMLX) - **Focus**: Development of therapies for post-bariatric hypoglycemia (PBH) and Wolfram syndrome Key Points on PBH and Avexitide - **Avexitide**: A GLP-1 receptor antagonist currently in Phase 3 trials, aimed at reducing hypoglycemic events in PBH patients [1][2] - **Market Opportunity**: Approximately 160,000 individuals in the U.S. suffer from PBH, a rare complication following bariatric surgery, with an estimated 8% of bariatric surgery patients developing PBH [5][6] - **Unmet Need**: Current treatments for PBH are limited, primarily involving medical nutrition therapy, which is often ineffective and burdensome [9][10] - **Patient Impact**: PBH significantly affects daily life, causing anxiety and limiting activities due to the risk of severe hypoglycemic events [3][8] - **Clinical Trials**: Recruitment for the Phase 3 LUCIDITY study is on track to complete by year-end 2025, with data expected in the first half of 2026 [11][12] Competitive Landscape - **Current Treatments**: Limited options exist, with off-label therapies showing minimal efficacy and significant side effects [10] - **Differentiation**: Avexitide is positioned as a unique treatment with a strong competitive profile, addressing a significant unmet need in the PBH market [10][21] Insights on Patient Population - **Demographics**: Predominantly affects women in their 40s, often misdiagnosed due to overlapping symptoms with menopause [24][26] - **Awareness and Diagnosis**: Increased awareness among endocrinologists and advocacy groups is leading to better identification of PBH cases [36][37] Wolfram Syndrome Insights - **AMX0035**: A combination therapy for Wolfram syndrome, showing promise in initial studies with stabilization or improvement in diabetic outcomes [27][30] - **Patient Community**: Strong advocacy from families, particularly mothers, is driving awareness and support for research in Wolfram syndrome [35] Future Directions - **Long-Acting Formulations**: Collaboration with Gubra aims to develop a long-acting GLP-1 receptor inhibitor, enhancing treatment options for PBH and potentially other conditions [39][41] - **Regulatory Engagement**: Ongoing discussions with regulatory bodies to streamline the path for pivotal studies in rare diseases like Wolfram syndrome [31][32] Conclusion - **Overall Outlook**: Amylyx Pharmaceuticals is positioned to address significant unmet needs in both PBH and Wolfram syndrome, with promising clinical data and a strong focus on patient impact and education [23][27]
Dow Tumbles Over 1%; Nio Shares Edge Lower After Q2 Results
Benzinga· 2025-09-02 16:55
Company Performance - Nio reported fiscal second-quarter revenue of 19.01 billion Chinese yuan ($2.65 billion), representing a year-over-year increase of 9.0% and a sequential growth of 57.9% [2] - The company reported an adjusted loss per share of 1.85 yuan (25 cents), an improvement from a loss of 2.21 yuan in the same quarter last year, and better than analysts' expectations of a 30 cents loss [3] - For Q3 2025, Nio expects vehicle deliveries to be between 87,000 and 91,000 units, indicating a growth of approximately 40.7% to 47.1% compared to the same period in 2024 [3] Stock Movements - Cytokinetics, Incorporated shares surged 38% to $48.74 following positive clinical trial results for Aficamten [8] - Carisma Therapeutics, Inc. saw a 90% increase in shares to $0.4088 after announcing a $5 million investment from Ocugen [8] - United Therapeutics Corporation shares rose 39% to $422.36 after its TETON-2 study met primary efficacy endpoints [8] - CleanCore Solutions, Inc. shares dropped 58% to $2.8800 due to a PIPE agreement announcement [8] - Canopy Growth Corporation shares fell 16% to $1.5095 following a $200 million offering disclosure [8] - Celularity Inc. shares decreased by 37% to $2.4500 after receiving a Nasdaq notification regarding Form 10-Q [8] Market Overview - U.S. stocks traded lower, with the Dow Jones index down 1.08% to 45,052.65, NASDAQ down 1.60% to 21,111.52, and S&P 500 down 1.32% to 6,374.93 [1] - European shares also declined, with the eurozone's STOXX 600 falling 1.17% and major indices in Spain, London, Germany, and France also experiencing losses [7] - Asian markets closed mostly lower, with Japan's Nikkei 225 gaining slightly while other major indices in Hong Kong, China, and India fell [9]
Zymeworks Pulls Plug On Early-Stage Cancer Potential As Therapy Unlikely To Provide Benefit
Benzinga· 2025-09-02 16:30
Zymeworks Inc. ZYME on Tuesday decided to voluntarily discontinue clinical development of ZW171, a T-cell engager designed to target gynecological, thoracic, and digestive system cancers.ZW171 is designed to address cancers driven by mesothelin, a well-recognized but historically challenging target.The decision to discontinue clinical development of ZW171 was based on completion of the planned cohorts of the dose escalation portion of the Phase 1 trial of ZW171 in patients with ovarian cancer and non-small ...
Danaher Gains From Business Strength Amid Persisting Headwinds
ZACKS· 2025-09-02 16:25
Key Takeaways DHR's bioprocessing orders rose for the eighth straight quarter in Q2 2025.Biotechnology segment revenues grew 6%, driven by demand for mAbs.Life Sciences revenues fell 2.5% as academic and government demand weakened.Danaher Corporation (DHR) has been witnessing solid momentum in its bioprocessing business, driven by an increase in demand for consumables from large pharmaceutical customers in Europe. In the second quarter of 2025, orders in the bioprocessing business increased for the eighth c ...
INVESTOR ALERT: Holzer & Holzer, LLC Reminds Investors of September 19, 2025 Lead Plaintiff Deadline in the Alto Neuroscience, Inc. (ANRO) Class Action – Investors With Significant Losses Encouraged to Contact the Firm
GlobeNewswire News Room· 2025-09-02 15:58
ATLANTA, Sept. 02, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Alto Neuroscience, Inc. (“Alto” or the “Company”) (NYSE: ANRO). The lawsuit alleges that throughout the Class Period, and in the Company’s Offering Documents, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information concerning Alto’s business, operations, and prospects, including allegations that: (i) ALTO-100 was less effective in treating MDD tha ...