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Case Status:    ONGOING    
On or around 04/26/2021 (Date of last review)

Filing Date: November 13, 2020

According to the Complaint, it is alleged Defendants made false and/or misleading statements and/or failed to disclose that: (1) the larger dataset did not provide necessary data regarding aducanumab’s effectiveness; (2) the EMERGE study did not and would not provide necessary data regarding aducanumab’s effectiveness; (3) the PRIME study did not and would not provide necessary data regarding aducanumab’s effectiveness; (4) the data provided by the Company to the FDA’s Peripheral and Central Nervous System Drugs Advisory Committee did not support finding efficacy of aducanumab; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On February 24, 2021, the Court issued an Order appointing Lead Plaintiff and Counsel. On March 17, the Court issued an Order transferring this case to the District of Massachusetts. Lead Plaintiff filed an amended Complaint on April 26.

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