Hagens Berman Notifies Alkermes Public Limited Company (NASDAQ: ALKS) Investors of Securities Fraud Class Action and February 25, 2019 Lead Plaintiff Deadline
San Francisco - Hagens Berman Sobol Shapiro LLP notifies investors in Alkermes Public Limited Company (NASDAQ: ALKS) of the securities fraud class action pending in the United States District Court for the Eastern District of New York and the February 25, 2019 Lead Plaintiff deadline. If you purchased or otherwise acquired ALKS securities between February 8, 2018 and November 6, 2018 (the “class period”) and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
The complaint alleges Defendants knew, throughout the class period, that the U.S Food and Drug Administration disagreed with Alkermes’ clinical trial methodologies in connection with a New Drug Application (“NDA”) for approval of a drug (ALKS 5461) intended to treat Major Depressive Disorder.
On November 1, 2018, Defendants announced the FDA advisory committee voted 21 to 2 against the approval of ALKS 5461. Separately, the press reported Alkermes did not follow the FDA’s previously-expressed guidance for the NDA.
This news drove the price of Alkermes shares down $3.09, or over 7.5% to close at $37.74 on November 2, 2018.
“Right now, our focus is on investors’ losses and the extent to which Defendants may have misled them,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Alkermes should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email ALKS@hbsslaw.com.
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Reed Kathrein, 510-725-3000
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