NasdaqCM:MLTXBiotechs
Phase 3 Miss and Fraud Suits Could Be A Game Changer For MoonLake Immunotherapeutics (MLTX)
In late September 2025, MoonLake Immunotherapeutics revealed that its only drug candidate, sonelokimab, delivered disappointing Phase 3 results, leading to multiple securities class action lawsuits alleging the company misled investors about the drug’s efficacy and Nanobody advantages.
The litigation centers on claims that MoonLake overstated sonelokimab’s superiority versus an existing treatment while allegedly not fully disclosing their similar biological targets and unproven clinical...