Lilly’s lepodisiran reduced levels of genetically inherited heart disease risk factor, lipoprotein(a), by nearly 94% from baseline at the highest tested dose in adults with elevated levels

PR Newswire

In Phase 2 ALPACA results, lepodisiran significantly reduced levels of genetically inherited cardiovascular risk factor, with some patients sustaining reductions for nearly 1.5 years

These data were presented at the American College of Cardiology 2025 Scientific Sessions and simultaneously published in the New England Journal of Medicine (NEJM)


INDIANAPOLIS
, March 30, 2025 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) today announced positive Phase 2 results for lepodisiran, an investigational small interfering RNA (siRNA) therapy designed to lower the production of lipoprotein(a) [Lp(a)], a genetically inherited risk factor for heart disease. In the Phase 2 ALPACA study, lepodisiran significantly reduced Lp(a) levels by an average of 93.9% over the 60 to 180-day period after treatment with the highest tested dose (400 mg), meeting the primary endpoint.i Participants who received the 16 mg and 96 mg lepodisiran doses experienced a 40.8% reduction and a 75.2% reduction in Lp(a) levels over the same time period, respectively.i

Lepodisiran also met additional secondary endpoints, showing reductions in Lp(a) levels following one or two administrations of each of the three tested doses across all timepoints assessed throughout the nearly 18-month-long study.ii Lepodisiran was administered twice at each dose (16 mg, 96 mg, or 400 mg), once at baseline and at day 180, with a separate group receiving 400 mg at baseline and placebo at day 180. The effect of additional doses of lepodisiran remains undetermined.

“Nearly a quarter of the world’s population has elevated levels of Lp(a), putting them at a significantly higher risk of cardiovascular events such as heart attacks and strokes. Unfortunately, there are no approved cholesterol-lowering therapies specifically for this genetic risk factor, and lifestyle changes like diet and exercise do not provide meaningful reductions,” said Steven Nissen, M.D., chief academic officer of the Heart, Vascular & Thoracic Institute at the Cleveland Clinic. “These significant and sustained Lp(a) reductions are encouraging and suggest that siRNA approaches like lepodisiran could potentially offer durable benefits with long-term dosing.”

About 20% of Americans have high levels of Lp(a), which increases their risk of cardiovascular disease.1,2 Elevated Lp(a) levels can double or even triple the risk of a heart attack and are associated with other cardiovascular issues such as stroke and heart valve narrowing (aortic valve stenosis).3,4,5 Lepodisiran is an investigational siRNA therapy designed to reduce levels of Lp(a) by inhibiting the production of apolipoprotein(a) (apo[a]), a key component of Lp(a).

“Reducing the inherited cardiovascular risk for patients with high Lp(a) has long been a critically unmet need. These results offer hope for a long-term, durable treatment option,” said Ruth Gimeno, group vice president, diabetes, obesity and cardiometabolic research at Lilly. “These data underscore Lilly’s commitment to advancing genetic medicine to address one of the world’s most pressing healthcare challenges. We will continue to evaluate the potential benefits of lepodisiran in the ongoing Phase 3 cardiovascular outcomes trial.” 

Results from additional secondary endpoints showed:

  • Participants who received 400 mg of lepodisiran at both baseline and day 180 experienced a 94.8% reduction in average Lp(a) levels over the day 30 to 360 period, which remained 91.0% below baseline at day 360 (~1 year) and 74.2% below baseline at day 540 (~1.5 years).ii
  • Lepodisiran also reduced apolipoprotein B (apoB) levels, a separate cholesterol biomarker. The highest dose (400 mg) of lepodisiran showed 14.1% and 13.7% ApoB reductions from baseline at day 60 and 180, respectively. A second 400 mg lepodisiran dose at day 180 sustained these apoB reductions through day 540.ii

Treatment-emergent adverse events (TEAEs) related to the study drug occurred in 1% (1/69) of the placebo group, 3% (1/36) of the 16 mg group, 12% (9/74) of the 96 mg group and 14% (20/141) of the pooled 400 mg group. There were no serious adverse events related to lepodisiran treatment. A single death occurred in the 16 mg dose group due to complications of chronic coronary disease. One participant in the placebo group was withdrawn from the study drug due to a TEAE; however, no participants receiving lepodisiran experienced a TEAE leading to withdrawal from treatment or the study.

The ACCLAIM-Lp(a) Phase 3 clinical development program, investigating the effect of lepodisiran on the reduction of cardiovascular events in adults with elevated Lp(a), is currently enrolling.

About ALPACA
ALPACA was a randomized, double-blind, placebo-controlled Phase 2 study designed to investigate the efficacy and safety of lepodisiran in adults with elevated Lp(a). A total of 320 participants were randomized to receive either placebo or one of three doses of lepodisiran (16 mg, 96 mg, or 400 mg) both at baseline and day 180. An additional group received 400 mg of lepodisiran at baseline and placebo at day 180. Results from the two groups receiving 400 mg of lepodisiran were pooled for the primary analysis. The primary endpoint was placebo-adjusted, time-averaged percent change in Lp(a) serum concentration from day 60 to 180.

About Lilly
Lilly is a medicine company turning science into healing to make life better for people around the world. We’ve been pioneering life-changing discoveries for nearly 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world’s most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer’s disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we’re motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/news, or follow us on Facebook, Instagram, and LinkedIn. P-LLY

Trademarks and Trade Names
All trademarks or trade names referred to in this press release are the property of the company, or, to the extent trademarks or trade names belonging to other companies are references in this press release, the property of their respective owners. Solely for convenience, the trademarks and trade names in this press release are referred to without the ® and ™ symbols, but such references should not be construed as any indicator that the company or, to the extent applicable, their respective owners will not assert, to the fullest extent under applicable law, the company’s or their rights thereto. We do not intend the use or display of other companies’ trademarks and trade names to imply a relationship with, or endorsement or sponsorship of us by, any other companies.

i Placebo-adjusted values based on the treatment-regimen estimand.
ii Placebo-adjusted values based on the efficacy estimand, which represents efficacy prior to discontinuation of study drug or initiation of medications known to affect lipoprotein(a).

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) about lepodisiran as a potential treatment for people with high risk for cardiovascular events and reflects Lilly’s current beliefs and expectations. However, as with any pharmaceutical product, there are substantial risks and uncertainties in the process of drug research, development, and commercialization. Among other things, there is no guarantee that planned or ongoing studies will be completed as planned, that future study results will be consistent with study results to date, that lepodisiran will prove to be a safe and effective treatment for the reduction of cardiovascular events associated with a reduction in Lp(a), that lepodisiran will receive regulatory approval, or that Lilly will execute its strategy as expected. For further discussion of these and other risks and uncertainties that could cause actual results to differ from Lilly’s expectations, see Lilly’s Form 10-K and Form 10-Q filings with the United States Securities and Exchange Commission. Except as required by law, Lilly undertakes no duty to update forward-looking statements to reflect events after the date of this release.

References

  1. Family Heart Foundation. Lipoprotein(a) – Family Heart Foundation. Last accessed Feb. 20, 2025.
  2. Family Heart Foundation. Diagnosing High Lipoprotein(a) – Family Heart Foundation. Last accessed Feb. 20, 2025.
  3. Harvard Medical School. Heart Health: The Latest on Lipoprotein(a), an Inherited Cause of Early Heart Disease. Last accessed Feb. 20, 2025.
  4. NIH National Heart, Lung, and Blood Institute. Research Feature – Lipoprotein(a): What to know about elevated levels. Access here: https:// https://www.nhlbi.nih.gov/news/2024/lipoproteina-what-know-about-elevated-levels. Last accessed Feb. 20, 2025.
  5. Khan, M. I., et al. Role of Lipoprotein (A) in aortic valve stenosis: Novel disease mechanisms and emerging pharmacotherapeutic approaches. IJC Heart & Vasculature 2024;55, 101543.


Refer to:   

Stefanie Prodouz; [email protected]; 317-287-9899 (Media)

Michael Czapar; [email protected]; 317-617-0983 (Investors)

 

 

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SOURCE Eli Lilly and Company

EHang’s EH216-S eVTOL Operators Obtain Air Operator Certificates

GUANGZHOU, China, March 30, 2025 (GLOBE NEWSWIRE) — EHang (Nasdaq: EH), the world’s leading Urban Air Mobility (UAM) technology platform company, announced that its wholly-owned subsidiary, Guangdong EHang General Aviation Co., Ltd. (“EHang General Aviation”), and its joint venture company in Hefei, Hefei HeYi Aviation Co., Ltd. (“HeYi Aviation”), have been granted the first batch of Air Operator Certificates (“OC”) for civil human-carrying pilotless aerial vehicles by the Civil Aviation Administration of China (“CAAC”).

This milestone officially marks the launch of China’s human-carrying flight era in the low-altitude economy, allowing citizens and consumers to purchase flight tickets for low-altitude tourism, urban sightseeing, and diverse commercial human-carrying flight services at related operation sites in Guangzhou and Hefei. In the future, operators will also gradually expand into more other scenarios such as urban commuting based on operational conditions legally and compliantly. The issuance of the first batch of OCs sets a new benchmark for the low-altitude economy and urban air mobility and further unleashing a more powerful vitality of the new-quality productive forces.

Image: EHang General Aviation (left) and Heyi Aviation (right) have obtained the first batch of OCs for civil human-carrying pilotless aerial vehicles nationwide.

EHang has already achieved multiple historical certification breakthroughs, including the world’s first type certificate (“TC”), standard airworthiness certificate (“AC”), and production certificate (“PC”) for pilotless human-carrying eVTOL aircraft. Now, with the newly granted OC, EHang becomes the world’s first eVTOL company to achieve the full suite of regulatory certifications. This achievement marks a significant step toward the commercialization and mass adoption of low-altitude human-carrying flight services.

EHang has always been committed to building the qualifications and capabilities required for the safe, regulated, and legal operation of pilotless human-carrying aerial vehicles. Looking ahead, EHang will continue collaborating with more partners to expand commercial operation sites, establishing additional low-altitude transportation operation centers in Guangzhou, Hefei, and other regions across China. These efforts will support local operators in applying for OCs for civil pilotless human-carrying aerial vehicles, enabling more cities to launch regular low-altitude tourism flights, urban sightseeing, and a wider range of commercial human-carrying flight services for the public.

Image: EHang Future City at Guangzhou Suigang Port

Image: Urban Air Mobility Operation Centers at Luogang Central Park in Hefei, China

Image: EHang eVTOL Operation Site at Tianding Lake in the Baizhangji Fall & Feiyun Lake Scenic Resort in Wencheng, Wenzhou, China

Image: Liangyun Low-Altitude Operation Site in Wuxi, China

Image: UAM Operation Center at OH Bay in Shenzhen, China

Image: Urban Air Mobility Exhibition (Experience) Center at Luohu Leisure Park in Shenzhen, China

Image: Low-altitude Operation Center at Tangjia Port in Zhuhai, China

Image: EHang eVTOL Operation Site at Guishan Island in Zhuhai, China



Image: EHang eVTOL Operation Site at Daotian Park in Taiyuan, China

About EHang

EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with civil pilotless aerial vehicle systems and solutions: air mobility (including human transportation and logistics), smart city management, and aerial media solutions. EHang’s flagship product EH216-S has obtained the world’s first type certificate, production certificate, standard airworthiness certificate and air operator certificate for pilotless human-carrying eVTOL aircraft issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Media Contact: [email protected]

Investor Contact: [email protected]

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Reviva to Present Brilaroxazine Topline Data for Long-Term OLE Portion of RECOVER Study in Schizophrenia at 2025 SIRS Congress

CUPERTINO, Calif., March 30, 2025 (GLOBE NEWSWIRE) — Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH), a late-stage pharmaceutical company developing therapies that seek to address unmet medical needs in the areas of central nervous system (CNS), inflammatory and cardiometabolic diseases, announced today topline data from the long-term open label extension portion of the Phase 3 RECOVER study evaluating brilaroxazine in schizophrenia will be presented as part of an oral presentation at the 2025 Congress of the Schizophrenia International Research Society (SIRS) taking place March 29 to April 2, 2025 in Chicago, Illinois, U.S.

Details for the oral presentation can be found below:

Title: Brilaroxazine Phase 3 Recover 52-Week Open-Label Evaluation of Efficacy and Safety over 12 Months in Stable Schizophrenia Participants

Session: Pharmaceutical Pipeline

Date and Time: Sunday, March 30th from 10:30 AM – 12:00 PM ET CST

Presenter: Dr. Laxminarayan Bhat, Founder & CEO, Reviva Pharmaceuticals

Abstracts and additional details can be found at the SIRS 2025 website.

About Reviva 

Reviva is a late-stage biopharmaceutical company that discovers, develops, and seeks to commercialize next-generation therapeutics for diseases representing unmet medical needs and burdens to society, patients, and their families. Reviva’s current pipeline focuses on the central nervous system (CNS), inflammatory and cardiometabolic diseases. Reviva’s pipeline currently includes two drug candidates, brilaroxazine (RP5063) and RP1208. Both are new chemical entities discovered in-house. Reviva has been granted composition of matter patents for both brilaroxazine and RP1208 in the United States, Europe, and several other countries.

Corporate Contact:

Reviva Pharmaceuticals Holdings, Inc.
Laxminarayan Bhat, PhD
www.revivapharma.com

Investor Relations Contact:

LifeSci Advisors, LLC
Bruce Mackle
[email protected]



Medtronic Evolut™ TAVR system shows durable clinical outcomes and outstanding valve performance at five years in low-risk aortic stenosis patients

PR Newswire


GALWAY, Ireland and CHICAGO
, March 30, 2025 /PRNewswire/ — Medtronic plc (NYSE: MDT), a global leader in healthcare technology, today announced late-breaking data on five-year outcomes from the Evolut Low Risk Trial. Data shows, versus surgery, the Evolut™ transcatheter aortic valve replacement (TAVR) system delivers a numerically lower rate of all-cause mortality or disabling stroke at five years, strong valve performance and durable clinical outcomes. The findings were presented as late-breaking clinical science at the American College of Cardiology’s Annual Scientific Session & Expo and simultaneously published in the JACC, the flagship journal of the American College of Cardiology.

The Evolut Low Risk Trial was a randomized, multicenter, international study assessing the safety and efficacy of the Evolut TAVR system versus surgery in low-risk patients. These patients had a predicted 30-day mortality risk <3%, as assessed by a local heart team. 1,414 patients were randomized, with 730 receiving TAVR with either a Medtronic Evolut R, PRO, or CoreValve™ and 684 undergoing surgery.

“Results at five years support Evolut’s supra-annular, self-expanding TAVR as a safe, effective, and durable alternative to surgery for patients with severe aortic stenosis, regardless of their surgical risk,” said Michael J. Reardon, M.D., Allison Family Distinguished Chair of Cardiovascular Research and professor of cardiothoracic surgery at the Houston Methodist Hospital and principal investigator of the trial. “The lower mortality risk and strong valve performance is meaningful for clinicians in evaluating treatment approaches that prioritize the overall well-being of patients.”

Patients with severe aortic stenosis who were treated with either Evolut TAVR or surgery showed comparable rates of all-cause mortality or disabling stroke at 5 years (Evolut TAVR [15.5%] and surgery [16.4%]; p=0.47). Additional findings at five years include:

  • Numerically lower rate of cardiovascular mortality (7.2% Evolut TAVR vs. 9.3% surgery; p=0.15)
  • Significantly larger effective orifice areas (EOA) and lower mean gradients in the TAVR vs. surgical arms

“At five years, Evolut has demonstrated lasting clinical outcomes comparable to surgery and a trend toward reduced cardiovascular mortality,” said Kendra J. Grubb, M.D., M.H.A., M.Sc., vice president and chief medical officer of Structural Heart, which is part of the Medtronic Cardiovascular Portfolio. “These results reinforce the recently reported Evolut evidence from the SMART trial,[1] which emphasized superior hemodynamics and lower rates of valve dysfunction. The Evolut Low Risk data presented today will help clinicians make personalized treatment decisions for younger, lower-risk patients by considering each patient’s unique needs, now acknowledging that data supports TAVR with Evolut as a safe and durable alternative to surgery.”

About Medtronic

Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Galway, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE: MDT), visit www.Medtronic.com, and follow @Medtronic on LinkedIn.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic’s periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

Contact:

Kimberly Powell

Public Relations
+1-202-498-2601

Ryan Weispfenning

Investor Relations
+1-763-505-4626


1Herrmann H. Two-Year Outcomes of the Five-Year SMART Trial, presented at CRT 2025.

 

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SOURCE Medtronic plc

TTD COURT NOTICE: Trade Desk, Inc. has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before April 21 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Trade Desk, Inc. (NASDAQ: TTD) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in Trade Desk, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/the-trade-desk-inc
.

Investors have until April 21, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Trade Desk common stock. The case is pending in the U.S. District Court for the Central District of California and is captioned United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. The Trade Desk, Inc., et al., No. 25-cv-01396.

Why was Trade Desk Sued for Securities Fraud?

Trade Desk is an advertising technology company that offers ad buyers the ability to create and manage data-driven digital advertising campaigns across ad formats and channels. The complaint alleges that during the relevant period, Trade Desk stated it was seeing “massive benefits” surrounding the launch of its next-generation platform, Kokai, and that although it was “already seeing the results of Kokai performance today,” it was “just getting started.”

In truth, when these statements were made, Trade Desk was experiencing execution challenges rolling out Kokai, which delayed the rollout and negatively impacted the Company’s business operations and revenue growth.

The Stock Declines as the Truth is Revealed

On February 12, 2025, after market hours, Trade Desk reported its fourth quarter 2024 financial results. The company reported disappointing revenue of $741 million, well below its guidance of “at least” $756 million in revenue. During the same-day earnings call, the company admitted that “Kokai rolled out slower than we anticipated” as the company was still “trying to understand what the customer needs.” On this news, the price of Trade Desk stock fell over 30% during the course of trading on February 13, 2025, from a closing price of $122.23 per share on February 12, 2025.

Click here for more information:

https://www.bfalaw.com/cases-investigations/the-trade-desk-inc

.

What Can You Do?

If you invested in Trade Desk you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/the-trade-desk-inc

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/the-trade-desk-inc

Attorney advertising. Past results do not guarantee future outcomes.



TMDX COURT NOTICE: TransMedics Group has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before April 15 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against TransMedics Group, Inc. (NASDAQ: TMDX) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in
TransMedics
, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/transmedics-group-inc
.

Investors have until April 15, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased TransMedics securities. The case is pending in the U.S. District Court for the District of Massachusetts and is captioned Jewik v. TransMedics Group, Inc. et al, No. 25-cv-10385.

Why was TransMedics Sued for Fraud?

TransMedics is a commercial-stage medical technology company. The Company’s “Organ Care System” (“OCS”) is a medical device that keeps donor organs viable before transplant by replicating many aspects of the organ’s natural living and functioning environment outside of the human body.

The complaint alleges that TransMedics misrepresented that its business was driven by kickbacks, fraudulent overbilling, and coercive tactics. The complaint further alleges that the company misrepresented that it engaged in unsafe practices involving OCS, hid safety issues, and generally lacked safety oversight.

The Stock Declines as the Truth is Revealed

On February 21, 2024, U.S. Representative and member of the House Committee on Oversight and Accountability Paul Gosar issued a letter accusing the Company of misconduct including overcharging for OCS and misappropriating corporate resources. This news allegedly caused the price of TransMedics stock to decline approximately 4% over two trading days, from $86.99 per share on February 21, 2024 to $83.14 per share on February 23, 2024.

On December 2, 2024, TransMedics announced the resignation of its CFO from that role and narrowed its financial outlook for 2024. Then, on January 10, 2025, Scorpion Capital issued a research report explaining that TransMedics’s growth was fueled by an anti-competitive scheme that included kickbacks to medical providers to use the company’s products and that TransMedics further boosted growth by operating an organ trafficking scheme, engaged in widespread billing fraud, and promoted off-label use. The publication of the Scorpion Capital report caused the price of TransMedics stock to decline an additional 5%, from $72.55 per share on January 8, 2025 to $68.81 per share on January 10, 2025.

Click here for more information:

https://www.bfalaw.com/cases-investigations/transmedics-group-inc

.

What Can You Do?

If you invested in TransMedics you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/transmedics-group-inc

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/transmedics-group-inc

Attorney advertising. Past results do not guarantee future outcomes.



FLNC COURT NOTICE: Fluence Energy, Inc. has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before May 12 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Fluence Energy, Inc. (NASDAQ: FLNC) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in Fluence Energy, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/fluence-energy-inc
.

Investors have until May 12, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Fluence Energy common stock.   The case is pending in the U.S. District Court for the Eastern District of Virginia and is captioned Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444.

Why was
Fluence Energy
Sued for Securities Fraud?

Fluence Energy offers energy storage products and solutions, delivery services, recurring operational and maintenance services, and digital applications and solutions for energy storage and other power assets.

As alleged, Fluence Energy misrepresented the strength of its competitive position, sales pipeline, and backlog of orders. In reality, Fluence Energy concealed declines in its sales and earnings growth by engaging in aggressive revenue pull-forwards and selectively applied earnings adjustments.

The Stock Declines as the Truth is Revealed

On February 22, 2024, Blue Orca Capital issued a report revealing that Siemens Energy—an affiliate of one of the company’s founders and largest sources of revenue—filed a lawsuit accusing Fluence Energy of misrepresentations, breach of contract, and fraud. The Blue Orca report also revealed that much of Fluence Energy’s sales and earnings growth was the result of aggressive revenue pull-forwards and selectively applied earnings adjustments.

Then, on February 10, 2025, Fluence Energy issued a press release announcing its financial results for Q1 2025. Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and lowered its revenue guidance for the remainder of the year. According to Fluence Energy, “[w]e have experienced customer-driven delays in signing certain contracts that, coupled with competitive pressures, result in the need to lower our fiscal year 2025 outlook.”

This news caused the price of Fluence Energy stock to decline 46%, to close at $7.00 per share on February 11, 2025.

Click here if you suffered losses:

https://www.bfalaw.com/cases-investigations/fluence-energy-inc

.

What Can You Do?

If you invested in Fluence Energy you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/fluence-energy-inc

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/fluence-energy-inc

Attorney advertising. Past results do not guarantee future outcomes.



RC COURT NOTICE: Ready Capital has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before May 5 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in Ready Capital, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/ready-capital-corporation
.

Investors have until May 5, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Ready Capital stock.   The case is pending in the U.S. District Court for the Southern District of New York and is captioned Quinn v. Ready Capital Corporation, et al., No. 25-cv- 01883.

Why was Ready Capital Sued for Securities Fraud?

Ready Capital is a real estate finance company which originates, acquires, finances and services lower-to-middle-market (LLM) commercial real estate (CRE) loans, small business administration loans, residential mortgage loans, and other real estate-related investments.

As alleged, Ready Capital misrepresented the credit performance of its loans, stating that its “CRE portfolio is showing stabilizing credit metrics” and that it was “well positioned to capitalize on the tailwinds in the CRE market.” In reality, Ready Capital’s CRE portfolio was plagued by non-performing loans and its CRE portfolio had not stabilized.

The Stock Declines as the Truth is Revealed

On March 3, 2025, Ready Capital announced financial results for 4Q 24, disclosing that it would recognize a $382 million charge, which included $284 million in combined Current Expected Credit Losses (CECL) and valuation allowances on its nonperforming loans. Ready Capital also announced it would be reducing its dividend to $0.125 per share.

This news caused the price of Ready Capital stock to decline almost 27%, from $6.93 per share at close on February 28, 2025, to $5.07 per share at close on March 3, 2025.

Click here if you suffered losses:

https://www.bfalaw.com/cases-investigations/ready-capital-corporation

.

What Can You Do?

If you invested in Ready Capital you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/ready-capital-corporation

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/ready-capital-corporation

Attorney advertising. Past results do not guarantee future outcomes.



TBBK COURT NOTICE: The Bancorp, Inc. has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before May 16 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in Bancorp, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/the-bancorp-inc
.

Investors have until May 16, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Bancorp stock.   The case is pending in the U.S. District Court for the District of Delaware and is captioned Linden v. The Bancorp, Inc., et al., No. 25-cv-00326.

Why was Bancorp Sued for Securities Fraud?

Bancorp is a financial holding company that engages in institutional banking, commercial real estate bridge lending, small business lending and commercial fleet leasing. Its commercial real estate bridge loans (“REBLs”) are primarily collateralized by apartment buildings.

The complaint alleges that Bancorp misrepresented the significant risk of default or loss on its REBL loan portfolio and that its credit loss methodology was insufficient to account for the allowance of credit losses. As alleged, Bancorp also misrepresented the effectiveness of its internal controls over financial reporting as they contained at least one material weakness.

The Stock Declines as the Truth is Revealed

On March 21, 2024, Culper Research issued a report stating that Bancorp had misrepresented the significant risks of default and/or loss on certain Bancorp REBL loans. According to Culper Research, Bancorp’s REBL loan portfolio is filled with apartments which are “quite literally, crumbling,” with high vacancies and multiple condemnations and that its portfolio consisted of loans to unsophisticated borrowers who were coaxed by “get rich quick” promises. This news caused the price of Bancorp stock to decline over 10%, from $36.04 per share on March 21, 2024, to $32.12 per share on March 21, 2024.

On October 24, 2024, Bancorp announced its Q3 2024 results, disclosing net income of only $51.5 million due to “a new CECL [current expected credit losses methodology] factor” to REBL loans which increased credit losses and resulted in a post-tax reduction in net income of $1.5 million. This news caused the price of Bancorp stock to decline over 14%, from $54.96 per share on October 24, 2025, to $47.01 per share on October 25, 2025.

Finally, on March 4, 2025, Bancorp disclosed that it had “inappropriately filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024” and informed investors that its financial statements from 2022 to 2024 as reflected in that Annual Report should no longer be relied upon. Bancorp revealed that its auditors did not approve the use of its audit opinions for those years. This news caused the price of Bancorp stock to decline 4.4%, from $53.59 per share on March 4, 2025, to $51.25 per share on March 5, 2025.

Click here if you suffered losses:

https://www.bfalaw.com/cases-investigations/the-bancorp-inc

.

What Can You Do?

If you invested in Bancorp you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/the-bancorp-inc

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/the-bancorp-inc

Attorney advertising. Past results do not guarantee future outcomes.



ATKR COURT NOTICE: Atkore Inc. has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before April 23 Legal Deadline

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Atkore Inc. (NYSE: ATKR) and certain of the Company’s senior executives for potential violations of the federal securities laws.

If you invested in Atkore, you are encouraged to obtain additional information by visiting

https://www.bfalaw.com/cases-investigations/atkore-inc
.

Investors have until April 23, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Atkore stock.   The case is pending in the U.S. District Court for the Northern District of Illinois and is captioned Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefits Fund v. Atkore Inc., et al., No. 25-cv-01851.

Why was Atkore Sued for Securities Fraud?

Atkore manufactures electrical, safety, and infrastructure products including polyvinyl chloride water and electrical conduit pipes (“PVC Pipe”). During the COVID-19 pandemic, shipping costs rose dramatically, leaving foreign PVC Pipe manufacturers unable to profitably sell PVC Pipe in the U.S. As shipping prices returned to normal when the pandemic subsided in 2022, foreign PVC Pipe manufacturers gradually returned to the U.S. market. Shortly thereafter, in late 2022, the price of PVC Pipe began to decline.

As alleged, Atkore repeatedly misrepresented that post-pandemic PVC Pipe price declines were the result of “pricing normalization” that reflected “competitive dynamics” and assured investors that the Company would continue to successfully compete in the post-COVID-19 market.

On July 24, 2024, an activist investor named ManBear published a report titled “Pipe Price Fixing” which accused Atkore and three of its competitors of using the commodity pricing service OPIS to coordinate pricing actions and fix the price of PVC Pipe.

In truth, it is alleged that Atkore engaged in an anticompetitive price-fixing scheme that artificially inflated the price of PVC Pipes.

The Stock Declines as the Truth is Revealed

On February 4, 2025, Atkore announced disappointing earnings and reduced guidance, disclosing that the “plastic pipe and conduit product category declined mid-single digits during the quarter” compared to “high single digits in the prior year,” and largely attributed the guidance reduction to Atkore’s PVC Pipe business, stating, “roughly $75 million or 3/4 [of the guidance reduction] is on the PVC side.” This news caused the price of Atkore stock to decline nearly 20%, from $79.72 per share on February 3, 2025 to $64.13 per share on February 4, 2025.

On February 14, 2025, Atkore disclosed that it received a grand jury subpoena from the U.S. Department of Justice Antitrust Division seeking the “production of documents relating to the pricing of the Company’s PVC pipe and conduit products.”

Click here if you suffered losses:

https://www.bfalaw.com/cases-investigations/atkore-inc

.

What Can You Do?

If you invested in Atkore you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:


https://www.bfalaw.com/cases-investigations/atkore-inc

Or contact:
Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.


https://www.bfalaw.com/cases-investigations/atkore-inc

Attorney advertising. Past results do not guarantee future outcomes.