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Business Wire 3-Aug-2023 12:46 PM
The Law Offices of Frank R. Cruz announces an investigation of Aldeyra Therapeutics, Inc. ("Aldeyra" or the "Company") (NASDAQ:ALDX) on behalf of investors concerning the Company's possible violations of federal securities laws.
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On June 21, 2023, Alderya disclosed that it had received a Complete Response Letter from the U.S. Food and Drug Administration ("FDA") regarding the Company's New Drug Application ("NDA") for its vitreoretinal lymphoma treatment, ADX-2191. The Company revealed that "[a]lthough no safety or manufacturing issues with ADX-2191 were identified, the FDA stated that there was a ‘lack of substantial evidence of effectiveness' due to ‘a lack of adequate and well-controlled investigations' in the literature-based NDA submission."
On this news, Aldeyra's stock price fell $2.92, or 27.4%, to close at $7.72 per share on June 21, 2023, thereby injuring investors.
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If you purchased Aldeyra securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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