ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Relmada Therapeutics, Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm
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May 26, 2023, 12:30 AM ET
LOS ANGELES, CA / ACCESSWIRE / May 26, 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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SOURCE: The Schall Law Firm
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