{"id":511435,"date":"2021-07-09T12:27:05","date_gmt":"2021-07-09T16:27:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-that-athira-pharma-inc-atha-is-being-sued-for-misleading-shareholders\/"},"modified":"2021-07-09T12:27:05","modified_gmt":"2021-07-09T16:27:05","slug":"shareholder-alert-robbins-llp-announces-that-athira-pharma-inc-atha-is-being-sued-for-misleading-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-robbins-llp-announces-that-athira-pharma-inc-atha-is-being-sued-for-misleading-shareholders\/","title":{"rendered":"SHAREHOLDER ALERT: Robbins LLP Announces that Athira Pharma, Inc. (ATHA) is Being Sued for Misleading Shareholders"},"content":{"rendered":"

<\/p>\n

SHAREHOLDER ALERT: Robbins LLP Announces that Athira Pharma, Inc. (ATHA) is Being Sued for Misleading Shareholders<\/b><\/p>\n

SAN DIEGO & BOTHELL, Wash.–(BUSINESS WIRE<\/a>)–
\nShareholder rights law firm Robbins LLP<\/a> announces that several class actions have been filed on behalf of all purchasers of Athira Pharma, Inc. (NASDAQ: ATHA) who acquired Athira securities between September 18, 2020 and June 17, 2021. The complaint asserts claims under the Securities Exchange Act of 1934. Athira is a clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and stop neurodegeneration for those suffering from devastating neurological diseases, including Alzheimer’s diseases.\n<\/p>\n

\nIf you suffered a loss due to Athira Pharma, Inc.’s misconduct, click here<\/a>.\n<\/p>\n

Athira Pharma, Inc. (ATHA) Made Misleading Statements Regarding the Research Backing its Drug Candidates <\/i><\/b><\/p>\n

\nAccording to the complaint, on June 17, 2021, Athira issued a press release announcing that the Company’s board of directors had placed Leen Kawas, Athira’s President and Chief Executive Officer, on temporary leave pending review of actions stemming from doctoral research Kawas conducted while at Washington State University. An article published in STAT News<\/i> that same day revealed that the investigation related to allegations that she altered images in four separate papers relating to her research on hepatocyte growth factor (HGF), a protein with potential to treat Alzheimer’s disease and other neurological disorders. While Athira “has since moved on to a different molecule than the one Kawas was working on, it still aims to target HGF. And so Kawas’ doctoral work laid the biological groundwork that Athira continues to use in their approach to treating Alzheimer’s.”\n<\/p>\n

\nAccording to a securities analyst at Stifel, “The scientific hypothesis behind Athira came out of the work Dr. Kawas did in graduate school so there is a risk her that whatever comes out of this investigation could have clear negative implications for how we\/investors view the asset, and\/or management credibility.” On this news, Athira’s stock price fell $7.09 per share, or nearly 39%, to close at $11.15 per share on June 18, 2021, and has yet to recover.\n<\/p>\n

\nThroughout the class period, defendants failed to disclose to investors that the research conducted by Kawas, which formed the foundation for Athira’s product candidates and intellectual property, was tainted by Kawas’ scientific misconduct, including the manipulation of key data, and as a result, the defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading.\n<\/p>\n

If you purchased shares of Athira Pharma, Inc. (ATHA) between September 18, 2020 and June 17, 2021, you have until August 24, 2021, to ask the court to appoint you lead plaintiff for the class.<\/i><\/b><\/p>\n

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.<\/i><\/b><\/p>\n

\nContact us to learn more:
\n
Lauren Levi
\n
(800) 350-6003
\n
llevi@robbinsllp.com
\n<\/a>
Shareholder Information Form<\/a><\/p>\n

\nRobbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Athira Pharma, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch<\/a> today.\n<\/p>\n

\nAttorney Advertising. Past results do not guarantee a similar outcome.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210709005374\/en\/<\/a><\/span><\/p>\n

\nLauren Levi
\n
Robbins LLP
\n
5040 Shoreham Place
\n
San Diego, CA 92122
\n
llevi@robbinsllp.com
\n<\/a>
(800) 350-6003
\n
www.robbinsllp.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

SHAREHOLDER ALERT: Robbins LLP Announces that Athira Pharma, Inc. (ATHA) is Being Sued for Misleading Shareholders SAN DIEGO & BOTHELL, Wash.–(BUSINESS WIRE)– Shareholder rights law firm Robbins LLP announces that several class actions have been filed on behalf of all purchasers of Athira Pharma, Inc. (NASDAQ: ATHA) who acquired Athira securities between September 18, 2020 and June 17, 2021. The complaint asserts claims under the Securities Exchange Act of 1934. Athira is a clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and stop neurodegeneration for those suffering from devastating neurological diseases, including Alzheimer’s diseases. If you suffered a loss due to Athira Pharma, Inc.’s misconduct, click here. Athira Pharma, Inc. (ATHA) Made Misleading Statements Regarding the … <\/p>\n

Continue reading “SHAREHOLDER ALERT: Robbins LLP Announces that Athira Pharma, Inc. (ATHA) is Being Sued for Misleading Shareholders”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511435","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: Robbins LLP Announces that Athira Pharma, Inc. 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