The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired BioAge Labs, Inc. (“BioAge” or the “Company”) (NASDAQ:BIOA) securities during the period from September 22, 2024, through January 7, 2025 (“the Class Period”). Investors have until March 10, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.

[LEARN MORE ABOUT THE CLASS ACTION]

On September 27, 2024, BioAge completed its initial public offering (“IPO”), selling 12.65 million shares at $18 per share. The Company’s IPO documents discussed its collaboration with Eli Lilly and Company in connection with its ongoing STRIDES clinical trial of BioAge’s lead product candidate, azelaprag, in combination with GLP-IR agonists to establish proof of concept for enhanced weight loss.

Less than 3 months after its IPO, on December 6, 2024, BioAge announced that it discontinued its STRIDES Phase 2 trial for azelaprag, citing safety concerns, after liver transaminitis was observed in subjects receiving azelaprag. BioAge stated that the decision to discontinue the STRIDES Phase 2 study of azelaprag “became clear” due to “the emerging safety profile of the current doses tested.” On this news, the price of BioAge stock fell by $15.44 per share, or approximately 76%, from $20.09 per share on December 6, 2024, to close at $4.65 on December 9, 2024.

The complaint alleges that defendants, in the IPO documents and throughout the Class Period, made false and/or materially misleading information regarding its STRIDES Phase 2 clinical trial.

If you purchased or otherwise acquired BioAge securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.

[CONTACT FORM]

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250218564034/en/

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.