SHAREHOLDER ALERT: Robbins LLP Investigates Applied Therapeutics, Inc. (APLT) on Behalf of Shareholders

SAN DIEGO–()–Shareholder rights law firm Robbins LLP is investigating Applied Therapeutics, Inc. (NASDAQ: APLT) to determine whether certain Applied Therapeutics officers and directors violated securities laws and breached fiduciary duties to shareholders. Applied Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops novel products to target cardiovascular disease, Galactosemia, and diabetic complications. Its lead product candidate is AT-007 for the treatment of Galactosemia, sorbitol dehydrogenase deficiency, and phosphomannomutase enzyme-CDG.

If you would like more information about our investigation of Applied Therapeutics, Inc.’s misconduct, click here.

Applied Therapeutics, Inc. (APLT) Holds Submission of New Drug Application for AT-007

On January 3, 2022, Applied Therapeutics issued a press release “provid[ing] a regulatory update on the AT-007 Galactosemia program.” In the press release, Applied Therapeutics announced that “[f]ollowing discussions with the FDA at the end of the year, the Company has decided to hold on submitting an NDA for AT-007 for treatment of Galactosemia pending additional discussions with the agency. Although the Galactosemia program had previously been discussed in the context of an NDA for Accelerated Approval based on reduction in galactitol, the FDA has now indicated that clinical outcomes data will likely be required for approval.” On this news, Applied Therapeutics’ stock price fell $1.77 per share, or 28.46%, over the following two trading sessions, closing at $4.45 per share on January 5, 2022.

Applied Therapeutics, Inc. (APLT) shareholders have legal options. If you own shares of Applied Therapeutics, Inc., contact us for more information about your rights.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas

(800) 350-6003

adumas@robbinsllp.com

Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Applied Therapeutics, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Source link

Author: admin