NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Marinus Pharmaceuticals, Inc. (“Marinus” or the “Company”) (NASDAQ: MRNS). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Marinus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 15, 2024, Marinus issued a press release entitled “Marinus Pharmaceuticals Provides Update on the Phase 3 RAISE Trial and Reports Preliminary First Quarter 2024 Financial results.” The press release disclosed that the Company’s “pivotal Phase 3 RAISE trial evaluating intravenous (IV) ganaxolone for the treatment of refractory status epilepticus (RSE)” had not met early stopping criteria and also that the Company would implement “cost reduction activities to extend [its] cash runway beyond the fourth quarter of 2024[.]”
On this news, Marinus’s stock price fell $6.32 per share, or 84.04%, over the following two trading sessions, to close at $1.20 per share on April 16, 2024.
Then, on May 8, 2024, Marinus issued a press release announcing that “Marinus has stopped the Phase 3 Raise II trial in RSE” and that “future development in RSE will be assessed following review of the RAISE topline data[.]”
On this news, Marinus’s stock price fell $0.14 per share, or 8.91%, to close at $1.43 per share on May 8, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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