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Spruce is the subject of a Seeking Alpha report published on March 13, 2024. According to the report, the Company's "stock plunged 75% in post-market trading Tuesday on news that the company plans to cut 21% of its workforce in the wake of a failed Phase 2 study for its drug candidate tildacerfont." The report continues, "The biotech company said the study, called CAHmelia-203, failed to meet its primary endpoint and was being terminated as a result. The study had been evaluating tildacerfont in the treatment of adult classic congenital adrenal hyperplasia, or CAH, with severe hyperandrogenemia." The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
In order to be eligible to join the SPRB class action lawsuit, you must have incurred a loss on shares of Spruce Biosciences purchased during the class period listed above.
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