The Schall Legislation Agency Encourages Traders in Axsome Therapeutics, Inc. with Losses of $500,000 to Contact the Agency

Revealed: Jul. 12, 2022 at 10:50 AM EDT|Up to date: 2 hours in the past

LOS ANGELES , July 12, 2022 /PRNewswire/ — The Schall Legislation Agency, a nationwide shareholder rights litigation agency, reminds traders of a category motion lawsuit in opposition to Axsome Therapeutics, Inc. (“Axsome” or “the Firm”) (NASDAQ: AXSM) for violations of 10(b) and 20(a) of the Securities Alternate Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Alternate Fee.

(PRNewsfoto/The Schall Law Firm)
(PRNewsfoto/The Schall Legislation Agency)(PRNewswire)

Traders who bought the Firm’s securities between December 30, 2019 and April 22, 2022inclusive (the ”Class Interval”), are inspired to contact the agency earlier than July 122022.

In case you are a shareholder who suffered a loss, click on right here to take part.

We additionally encourage you to contact Brian Schall of the Schall Legislation Agency, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from cost. You may as well attain us by the agency’s web site at www.schallfirm.comor by e mail at [email protected].

The category, on this case, has not but been licensed, and till certification happens, you aren’t represented by an legal professional. If you happen to select to take no motion, you may stay an absent class member.

In line with the Criticism, the Firm made false and deceptive statements to the market. Axsome failed to take care of enough chemistry, manufacturing, and management (“CMC”) practices associated to the manufacture of AXS-07. On account of its CMC points, the Firm was unlikely to submit an NDA for AXS-07 on the timeline it shared with traders. The Firm didn’t resolve its CMC issues earlier than the FDA resolved AXS-07. The FDA was unlikely to approve the AXS-07 NDA as submitted. Based mostly on these info, the Firm’s public statements have been false and materially deceptive all through the category interval. When the market realized the reality about Axsome, traders suffered damages.

Be a part of the case to get better your losses.

The Schall Legislation Agency represents traders all over the world and focuses on securities class motion lawsuits and shareholder rights litigation.

This press launch could also be thought of Legal professional Promoting in some jurisdictions below the relevant legislation and guidelines of ethics.

The Schall Legislation Agency
Brian Schall, Esq.,
Workplace: 310-301-3335
[email protected]

The Schall Legislation Agency

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