Amylyx Pharmaceuticals, Inc.

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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
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Los Angeles, CA 90067
info@portnoylaw.com

The lawsuit claims that during the relevant period, the Defendants made significantly untrue and/or misleading statements and/or did not reveal that: (i) they had exaggerated the market potential of RELYVRIO, a treatment for ALS in adults in the U.S., which combines sodium phenylbutyrate and taurursodiol as a dual UPRBax apoptosis inhibitor; (ii) there was a trend of patients stopping their treatment with RELYVRIO after six months; (iii) the number of new patients beginning treatment with RELYVRIO was on the decline; (iv) therefore, the reported prescription rates for RELYVRIO were overly inflated; (v) the defendants tried to obscure these adverse trends from investors and the market by preventing analysts from accessing RELYVRIO’s prescription data; and (vi) consequently, the public statements made by the defendants were significantly incorrect and misleading throughout the relevant times.