LOS ANGELES, CA / ACCESSWIRE / May 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Relmada Therapeutics, Inc. ("Relmada" or "the Company") (NASDAQ: RLMD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Relmada announced the results of its RELIANCE III study of drug REL-1017 on October 13, 2022. The Company disclosed that the trial did not reach its primary endpoint, and that "paradoxical results were observed in certain study sites, where [the] placebo dramatically outperformed REL-1017." Based on this news, shares of Relmada dropped by almost 80% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm