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Amylyx Pharmaceuticals, Inc.

Corporate Governance / Derivative

  • Date:
  • 7/7/2025
  • Company Name:
  • Amylyx Pharmaceuticals, Inc.
  • Stock Symbol:
  • AMLX
  • Class Period:
  • FROM 11/11/2022 TO 11/8/2023
  • Status:
  • Filed
  • Filing Date:
  • 2/9/2024
  • Court:
  • U.S. District Court: Massachusetts

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Amylyx Pharmaceuticals, Inc. (NASDAQ: AMLXon behalf of long-term stockholders following a class action complaint that was filed against Amylyx on July 1, 2025 with a Class Period from November 11, 2022 to November 8, 2023. Our investigation concerns whether the board of directors of Amylyx have breached their fiduciary duties to the company.

The complaint alleges that during the Relevant Period, however, the Individual Defendants, in breach of their fiduciary duties owed to Amylyx, willfully or recklessly made and/or caused the Company to make false and misleading statements regarding the success of the Relyvrio commercial launch. Specifically, the Individual Defendants willfully or recklessly made and/or caused the Company to make false and misleading statements that failed to disclose, inter alia, that: (1) that the purported “significant demand” for the drug was driven by an initial, temporary surge of patients that had already stabilized, thereby eliminating any realistic prospect for continued growth; (2) within months of Relyvrio’s launch, this initial surge had already subsided; (3) accordingly, there was no meaningful growth potential among newly diagnosed ALS patients within ALS treatment centers; (4) there was no viable opportunity for expansion beyond these specialized centers into the broader neurology community; (5) at the same time, Relyvrio was experiencing high, undisclosed discontinuation rates, which materially undermined the drug’s commercial viability; and (6) those undisclosed discontinuations had artificially inflated the perceived “runway” for acquiring new net patient starts. As a result of the foregoing, the Company’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
 
If you are a long-term stockholder of Amylyx, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out the form below. There is no cost or obligation to you..
Contact Instructions
Please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com with any questions regarding the case.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Amylyx Pharmaceuticals. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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