StockNews.AI
BIOA
StockNews.AI
213 days

BIOA INVESTOR ALERT: BioAge Labs, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

1. BioAge Labs faces a class action lawsuit from IPO investors. 2. The lawsuit alleges false statements regarding the safety of drug trials. 3. BioAge stock dropped over 76% after disclosing trial issues. 4. The IPO priced shares at $18; current trading around $5.82. 5. March 10, 2025, is the deadline to join the lawsuit.

6m saved
Insight
Article

FAQ

Why Very Bearish?

The lawsuit and significant stock drop indicate severe investor confidence issues, similar to past biotech lawsuits.

How important is it?

The ongoing lawsuit poses significant risks to BIOA's future stock performance and investor sentiment.

Why Short Term?

Immediate legal challenges will likely hinder stock recovery in the near term.

Related Companies

BIOA
SAN DIEGO, Jan. 18, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of BioAge Labs, Inc. (NASDAQ: BIOA) stock pursuant and/or traceable to BioAge Labs' registration statement issued in connection with BioAge Labs' initial public offering (the "IPO") held on September 26, 2024, have until March 10, 2025 to seek appointment as lead plaintiff of the BioAge Labs class action lawsuit. Captioned Soto v. BioAge Labs, Inc., No. 25-cv-00196 (N.D. Cal.), the BioAge Labs class action lawsuit charges BioAge Labs as well as certain of BioAge Labs' top executives and directors with violations of the Securities Act of 1933. If you suffered substantial losses and wish to serve as lead plaintiff of the BioAge Labs class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-bioage-labs-inc-class-action-lawsuit-bioa.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. CASE ALLEGATIONS: BioAge Labs is a clinical-stage biopharmaceutical company that develops therapeutic product candidates for metabolic diseases. In the IPO, BioAge Labs sold 12.65 million shares at $18.00 per share. The BioAge Labs class action lawsuit alleges that the IPO's offering documents were materially false and/or misleading because they represented to the public that there were no safety concerns and BioAge Labs expected top line results and to meet its primary endpoint goals in connection with its STRIDES clinical trial. The BioAge Labs class action lawsuit further alleges that on December 6, 2024, BioAge Labs announced that it would discontinue the ongoing STRIDES Phase 2 study of its investigational drug candidate azelaprag after liver transaminitis was observed in some subjects receiving azelapgrag. On this news, the price of BioAge Labs stock fell more than 76%, according to the complaint. By the commencement of the BioAge Labs class action lawsuit, BioAge Labs stock has traded at or around $5.82 per share, which is well below the $18.00 per share IPO price. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired BioAge Labs stock pursuant and/or traceable to the registration statement issued in connection with the IPO to seek appointment as lead plaintiff in the BioAge Labs class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the BioAge Labs class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the BioAge Labs class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the BioAge Labs class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLPJ.C. Sanchez, Jennifer N. Caringal655 W. Broadway, Suite 1900, San Diego, CA 92101800-449-4900[email protected] SOURCE Robbins Geller Rudman & Dowd LLP

Related News