Australia markets closed
  • ALL ORDS

    7,702.90
    -56.90 (-0.73%)
     
  • ASX 200

    7,403.70
    -56.50 (-0.76%)
     
  • AUD/USD

    0.7268
    -0.0027 (-0.37%)
     
  • OIL

    71.96
    -0.65 (-0.90%)
     
  • GOLD

    1,753.90
    -2.80 (-0.16%)
     
  • BTC-AUD

    66,505.14
    +717.88 (+1.09%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • AUD/EUR

    0.6195
    +0.0002 (+0.03%)
     
  • AUD/NZD

    1.0318
    +0.0013 (+0.13%)
     
  • NZX 50

    13,234.55
    +155.04 (+1.19%)
     
  • NASDAQ

    15,333.47
    -182.44 (-1.18%)
     
  • FTSE

    6,963.64
    -63.84 (-0.91%)
     
  • Dow Jones

    34,584.88
    -166.44 (-0.48%)
     
  • DAX

    15,490.17
    -161.58 (-1.03%)
     
  • Hang Seng

    24,920.76
    +252.91 (+1.03%)
     
  • NIKKEI 225

    30,500.05
    +176.71 (+0.58%)
     

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Annovis Bio, Inc.

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, August 03, 2021--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Annovis Bio, Inc. ("Annovis" or the "Company") (NYSE: ANVS). The investigation concerns whether Annovis has violated the federal securities laws and/or engaged in other unlawful business practices.

Annovis is a clinical-stage biotechnology company developing treatments for neurodegenerative diseases. The Company’s lead candidate is Posiphen, or ANVS401, an orally administered drug that purportedly inhibits the production of neurotoxic proteins that lead to neurodegeneration. Annovis is currently testing Posiphen in two Phase 2 clinical trials for the treatment of Alzheimer’s Disease and Parkinson’s Disease.

On July 28, 2021, after the market closed, Annovis reported clinical trial data for Posiphen that failed to show statistical significance in treating Alzheimer’s and Parkinson’s Disease patients relative to a placebo. On this news, Annovis’ stock price declined by $65.94 per share, or approximately 60.25%, from $109.44 per share to close at $43.50 per share on July 29, 2021.

If you purchased or otherwise acquired Annovis securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005845/en/

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
investigations@kmllp.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting