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The DJS Law Group reminded investors of a class action lawsuit against Mereo BioPharma Group plc (Mereo or the Company) (NASDAQ: MREO) alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, according to the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of MREO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to participate in any recovery.
Class period: June 5, 2023 to December 26, 2025
Deadline: April 6, 2026
According to the complaint, the company made false and misleading statements to the market. The complaint alleges that Mereo misled investors about its Phase 3 ORBIT and COSMIC programs.
The complaint states that both programs failed to achieve their endpoints against placebo or bisphosphonate control groups, respectively. Based on these facts, the complaint alleges that Mereo’s public statements were false and materially misleading throughout the class period.
The firm said that investors who suffered losses may contact it to participate in the action.
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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