Wednesday, 23 April 2025 03:45 PM
Class Action
PHILADELPHIA, PA / ACCESS Newswire / April 23, 2025 / Kehoe Law Firm, P.C. is investigating potential securities fraud claims on behalf of investors of Aldeyra Therapeutics, Inc. ("Aldeyra" or the "Company") (NASDAQ:ALDX).
On April 3, 2025, Aldeyra announced it had received a Complete Response Letter from the FDA regarding its resubmitted New Drug Application for reproxalap, a proposed treatment for dry eye disease. The FDA stated that the application failed to demonstrate efficacy in adequate and well-controlled studies and recommended at least one additional such study. The agency also raised concerns about data reliability due to potential methodological issues, including differences in baseline scores between treatment groups.
On this news, Aldeyra's stock price dropped more than 73% from a closing price of $5.32 on April 2, 2025 to $1.42 per share at the close of trading on April 3, 2025.
Aldeyra investors are encouraged to complete Kehoe Law Firm's Stockholder Information Request Form or send us a message to contact an attorney to learn more about the securities investigation and receive a free, no-obligation legal evaluation of potential claims.
For direct inquiries, investors of Aldeyra stock should contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
Additional information can be obtained at https://kehoelawfirm.com/aldeyra-therapeutics-stock-aldx/.
ABOUT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
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SOURCE: Kehoe Law Firm, P.C.