Important Notice for APLT Shareholders: Your Rights Matter
Crucial Update for Applied Therapeutics, Inc. Shareholders
Attention to all shareholders of Applied Therapeutics, Inc. (NASDAQ: APLT). It is essential to engage with legal experts to discuss your rights regarding your shares. Many shareholders who acquired shares during a certain period are encouraged to reach out to ensure their rights are protected in light of recent developments.
Understanding the Class Period and Allegations
This notice relates specifically to the class period from January 3, 2024, to December 2, 2024. The complaint outlines significant allegations concerning the company's lead drug candidate, govorestat. A key point of contention arose when, on November 27, 2024, the company announced that the FDA had issued a Complete Response Letter (CRL). This notification signified that the FDA identified critical deficiencies within the New Drug Application (NDA), preventing it from being approved in its current form.
Impact on Stock Price
The ramifications of this announcement were immediate and severe. Following the CRL release, the share price of Applied Therapeutics experienced a dramatic decline. For instance, shares slipped from a closing price of $10.21 on November 26, 2024, to $8.57 the next day. The downfall continued, culminating in a low of $1.75 per share on December 2, 2024, marking an astonishing decline of over 80% from its earlier value.
Urgent Deadlines and Next Steps
Shareholders must take note of the February 18, 2025, deadline. This date is crucial for those wishing to register as part of the class action. Interested parties should act swiftly to ensure their participation. By registering, shareholders can monitor the ongoing status of their case through dedicated portfolio monitoring software, keeping them informed throughout the proceedings.
Proactive Measures for Shareholders
The process for involvement is straightforward: register your information to affirm your interest in this case. Importantly, taking part in the lead plaintiff process introduces no financial obligation or costs. It’s a safe way to ensure that your rights are upheld in this complex situation.
Why Choose The Gross Law Firm?
The Gross Law Firm is well-regarded within the legal community for championing the rights of investors. They focus on safeguarding against deceit and malpractice in corporate practices that could influence stock prices unjustly. Their commitment reflects a dedication to encouraging responsible business conduct and corporate transparency.
Contact Information for Immediate Assistance
If you have additional questions or require assistance, contacting the legal team at The Gross Law Firm is recommended. Here are their basic details:
The Gross Law Firm
Their office is situated at 15 West 38th Street, 12th floor, New York, NY 10018.
Phone: (646) 453-8903
Frequently Asked Questions
What is the class period for APLT shareholders?
The class period spans from January 3, 2024, to December 2, 2024.
Are there any costs to participate in the class action?
No, there are no costs or obligations for shareholders to participate.
What should I do if I purchased shares during the class period?
Contact The Gross Law Firm to discuss potential participation in the case.
What were the main allegations against Applied Therapeutics?
The main allegations revolved around the insufficiency of the New Drug Application following the FDA's CRL regarding their drug candidate.
Why is it important to act before February 18, 2025?
This deadline is critical for shareholders wanting to ensure their rights are protected in this class action lawsuit.
About The Author
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