Click here to join the case
LOS ANGELES, Feb. 02, 2021 (GLOBE NEWSWIRE) --
The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Minerva Neurosciences, Inc. ("Minerva" or "the Company") (NASDAQ: NERV) investors that acquired securities between May 15, 2017 and November 30, 2020.
Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.
It is alleged in the complaint that Minerva made misleading and false statements to the market. After its “end-of-Phase 2” meeting, Minerva failed to inform investors of the FDA’s true feedback. Minerva’s Phase 2b study failed to use the commercial formulation of roluperidone and was conducted exclusively outside of the United States. Due to failing to meet its primary and key secondary endpoints, Minerva’s Phase 3 study was rendered incapable of proving the drug’s effectiveness. The combination of the Phase 2b and Phase 3 trials would be “highly unlikely” to support an NDA submitted to the FDA. Throughout the class period, Minerva’s public statements were materially misleading and false, based on these facts. Investors suffered damages when the market learned the truth about Minerva.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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