Athira Pharma Inc
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors concerning the Company’s drug candidate ATH-1017. On June 17, 2021, after the market close, the Company reported that it had placed its CEO, Leen Kawas, on temporary leave. Citing “a review of actions stemming from doctoral research” that Kawas conducted while at Washington State University. Bloomberg News reports that while the scientific hypothesis behind Athira came out of the work Kawas did in graduate school, there is risk that whatever comes out of this investigation could have clear negative implications for how investors view the asset, and/or management credibility.
On this news, Franklin’s share price fell sharply during intraday trading on April 18, 2021.