NEW YORK–(Business enterprise WIRE)–#Motion–Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights legislation organization, is investigating probable statements from Athira Pharma, Inc. (NASDAQ: ATHA) on behalf of extensive-expression stockholders pursuing a class action grievance that was submitted against Athira on June 25, 2021 with a Course Interval from September 17, 2020 to June 17, 2021. Our investigation concerns irrespective of whether the board of directors of Athira have breached their fiduciary obligations to the firm.
On June 17, 2021, soon after the marketplace shut, Athira announced that it experienced positioned its president and Main Govt Officer, Dr. Leen Kawas (“Kawas”), on depart pending a overview of actions stemming from doctoral analysis she carried out though at Washington Point out University (“WSU”).
The identical working day, STAT printed an posting stating that WSU was investigating promises that Dr. Kawas “published quite a few papers containing altered photos whilst she was a graduate university student.” These papers “are foundational to Athira’s attempts to deal with Alzheimer’s” since they “established that a unique molecule has an effect on the activity of HGF.” Although Athira is producing a unique molecule than the one Kawas examined in the papers at concern, her “doctoral do the job laid the biological groundwork that Athira proceeds to use in their tactic to dealing with Alzheimer’s.”
The Registration Assertion was materially phony and misleading and omitted to point out: (1) that Kawas had released exploration papers that contains improperly altered pictures even though she was a graduate scholar (2) that this purported exploration was foundational to Athira’s initiatives to build treatments for Alzheimer’s for the reason that it laid the organic groundwork that Athira was applying in its solution to treating Alzheimer’s (3) that, as a result, Athira’s mental home and merchandise progress for the therapy of Alzheimer’s had been based mostly on invalid investigation and (4) that, as a consequence of the foregoing, Defendants’ beneficial statements about the Company’s business enterprise, operations, and prospective customers, ended up materially misleading and/or lacked a fair basis.
If you are a lengthy-phrase stockholder of Athira, have details, would like to find out much more about these promises, or have any questions relating to this announcement or your legal rights or passions with regard to these matters, remember to speak to Brandon Walker or Alexandra B. Raymond by electronic mail at [email protected], or telephone at (212) 355-4648, or by filling out this get hold of form. There is no charge or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized regulation business with offices in New York and California. The company signifies personal and institutional traders in professional, securities, spinoff, and other complicated litigation in point out and federal courts across the nation. For extra information and facts about the firm, please check out www.bespc.com. Legal professional promotion. Prior results do not promise equivalent results.
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
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