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ESSA Pharma Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - EPIX

1. A class action lawsuit has been filed against ESSA Pharma Inc. 2. The lawsuit alleges securities fraud affecting EPIX investors from late 2023 to late 2024. 3. Key accusations include false efficacy claims about masofaniten in prostate cancer treatment. 4. Investors affected may claim compensation without upfront costs. 5. Class members have a deadline of March 25, 2025, to participate.

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FAQ

Why Bearish?

The allegations of securities fraud can significantly damage investor confidence, potentially lowering EPIX's stock price. Historical examples show that companies involved in similar legal issues often experience declines in stock value.

How important is it?

The class action lawsuit directly targets ESSA Pharma, implicating EPIX's market position and investor trust. Given the ongoing impact of similar cases on stock performance, this development is very important.

Why Short Term?

The immediate effects of the lawsuit on investor sentiment will likely impact EPIX's stock in the short term. Legal battles often create volatility in the affected stocks until resolutions are made.

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NEW YORK, Feb. 11, 2025 /PRNewswire/ --

Levi & Korsinsky, LLP notifies investors in ESSA Pharma Inc. ("ESSA Pharma Inc." or the "Company") (NASDAQ: EPIX) of a class action securities lawsuit.

CLASS DEFINITION:

The lawsuit seeks to recover losses on behalf of ESSA Pharma Inc. investors who were adversely affected by alleged securities fraud between December 12, 2023 and October 31, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/essa-pharma-inc-lawsuit-submission-form?prid=128391&wire=4

EPIX investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS:

The filed complaint alleges that defendants made false statements and/or concealed that: (i) masofaniten in combination with enzalutamide had no clear efficacy benefit over enzalutamide alone; (ii) accordingly, masofaniten in combination with enzalutamide was less effective in treating prostate cancer than defendants had led investors to believe; (iii) the M-E Combination Study, a monotherapy and combination therapy for the treatment of prostate cancer, was unlikely to meet its prespecified Phase 2 primary endpoint; (iv) accordingly, defendants had overstated masofaniten's clinical, regulatory, and commercial prospects; and (v) as a result, defendants' public statements were materially false and misleading at all relevant times.

WHAT'S NEXT?

If you suffered a loss in ESSA Pharma Inc. during the relevant time frame, you have until March 25, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU:

If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY:

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP

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