It is alleged in this complaint that during the class period, Zosano Pharma Corporation made materially misleading and/or false statements and/or failed to disclose that: (1) Zosano’s clinical results reflected differences in zolmitriptan exposures that had been observed between subjects receiving different lots; (2) pharmocokinetic studies submitted in connection with Zolsano’s New Drug Application included patients that had exhibited unexpected high plasma concentrations of zolmitriptan; (3) it was reasonably likely that the U.S. Food and Drug Administration would require further studies to support regulatory approval of the Zolsano’s lead product candidate, Qtrypta, as a result of the foregoing differences among patient results; (4) regulatory approval of Qtrypta was reasonably likely to be delayed as a result; and (5) Defendants’ public statements were materially misleading and false at all relevant times, as a result of the foregoing.
Zosano Pharma Corporation
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