An investigation on behalf of investors in Cortexyme, Inc. (NASDAQ:CRTX) shares over potential wrongdoing at Cortexyme, Inc. was announced.
San Diego, CA — (SBWIRE) — 04/29/2022 — Certain directors of Cortexyme, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Cortexyme, Inc. (NASDAQ: CRTX) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Cortexyme, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
San Francisco, CA based Cortexyme, Inc., a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer’s disease and other degenerative disorders.
On October 26, 2021, Cortexyme, Inc. issued a press release “report[ing] top-line results from its Phase 2/3 GAIN Trial, a double-blind, placebo-controlled study evaluating the efficacy of atuzaginstat (COR388), an investigational orally administered small-molecule that targets gingipain proteases from the bacterium Porphyromonas gingivalis (P. gingivalis).” The press release reported, in relevant part, that the study had failed to meet statistical significance in its co-primary endpoints of improving cognitive and functional abilities in patients with mild-to-moderate Alzheimer’s disease.
Then, on January 26, 2022, Cortexyme disclosed receipt of a letter from the U.S. Food and Drug Administration (“FDA”) advising that the FDA had “plac[ed] a full clinical hold on atuzaginstat’s (COR388) Investigational New Drug application (IND 134303).”
Those who purchased shares of Cortexyme, Inc. (NASDAQ: CRTX) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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