Amylyx Pharmaceuticals Inc. Common Stock (NASDAQ: AMLX)
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated the commercial prospects of its product, RELYVRIO, a treatment used for ALS; (ii) patients were discontinuing RELYVRIO treatment after six months; (iii) the rate at which new patients were starting treatment with RELYVRIO was decreasing; (iv) the Company had also overstated RELYVRIO's prescription rate; (v) the Company attempted to hide the foregoing negative trends from investors and the market by blocking analysts from viewing its prescription data; and (vi) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.