Archived Investigations

Invivyd, Inc. (NasdaqGM: IVVD) f/k/a Adagio Therapeutics, Inc. (NasdaqGM: ADGI)

Company Name:Invivyd, Inc. f/k/a Adagio Therapeutics, Inc.

Stock Symbol:NasdaqGM: IVVD - NasdaqGM: ADGI

Court:District of Massachusetts

Class Period Start:11/29/2021

Class Period End (inclusive):12/14/2021

Filing Deadline:The deadline has passed.

February 7, 2023

Invivyd and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On December 14, 2021, the Company (then named Adagio) disclosed that in vitro test results for ADG20, its lead product candidate against the COVID-19 Omicron variant, revealed that it was 300 times less effective at neutralizing Omicron than it was against the other variants, despite assuring investors of the efficacy against Omicron only a few weeks prior.

On this news, shares of Adagio plummeted nearly 80%, from $34.26 per share on December 13, 2021, to $7.26 per share when the market closed on December 14, 2021.

The case is Brill v. Invivyd, Inc., No. 23-cv-10254.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us