1. Faruqi & Faruqi investigates claims against Neumora for misleading statements. 2. Neumora faced an 81% stock drop after failing a key study. 3. Investors may act before the April 7, 2025 lead plaintiff deadline. 4. The lawsuit cites concerns over trial data integrity. 5. Faruqi & Faruqi has a history of recovering Investor funds.
The significant drop in stock price following trial failures indicates severe negative sentiment. Past instances show that similar lawsuits often lead to prolonged price declines.
The article highlights a lawsuit which may directly cause future price volatility for NMRA. Legal ramifications often alter investor confidence significantly.
Immediate legal concerns and negative publicity will likely affect the stock quickly. Previous cases show rapid stock response to litigation issues.
If you purchased or acquired securities in Neumora pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Offering Documents") issued in connection with Neumora's September 2023 initial public offering (the "IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Neumora Therapeutics, Inc. ("Neumora" or the "Company") (NASDAQ: NMRA) and reminds investors of the April 7. 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) in order for Neumora to justify conducting its Phase Three Program, Neumora was forced to amend BlackThorn's original Phase Two Trial inclusion criteria to include a patient population with moderate to severe MDD to show that Navacaprant offered a statistically significant improvement in treating MDD; (2) and to that same end, the Company also added a prespecified analysis to the Phase Two statistical analysis plan, focusing on patients suffering from moderate to severe MDD; and (3) the Phase Two Trials lacked adequate data, particularly in regards to the patient population size and the ratio of male to female patients within the patient population, to be able to accurately predict the results of the KOASTAL-1 study. When the true details entered the market, the lawsuit claims that investors suffered damages.
On January 2, 2025, Neumora announced its experimental depression treatment failed in the first of three studies planned by the biotech company. As part of this announcement, Neumora disclosed that navacaprant showed no difference from a placebo in treating depression symptoms in the Phase III Koastal-1 trial. Analysts expressed surprise and concern at the Company's "worst-case scenario" for the program.
Following this news, NMRA's stock price plummeted 81% to close at $1.97 per share on January 2, 2025.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Neumora's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Neumora class action, go to www.faruqilaw.com/NMRA or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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