SHAREHOLDER ALERT: Pomerantz law firm investigating claims on behalf of…

SHAREHOLDER ALERT: Pomerantz law firm investigating claims on behalf of…


NEW YORK, May 28, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of ARS Pharmaceuticals, Inc. (“ARS” or the “Company”) WARM. Such investors are advised to contact Robert S. Willoughby at or 888-476-6529, extension 7980.

The investigation concerns whether ARS and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On May 9, 2023, ARS issued a press release titled “announc[ing] . . . that the U.S. Food and Drug Administration (FDA) has released briefing documents for the Pulmonology, Allergy-Drugs Advisory Committee (PADAC) meeting to review the new drug application (NDA). neffy®.” The FDA’s briefing documents raised concerns, stating: “[e]Establishing efficacy based on PK/PD similarity to approved epinephrine injection products is due to the paucity and variability of PK/PD data for epinephrine injections and the uncertainties in extrapolating PK/PD results from a topically administered Drug challenge from healthy subjects to patients with anaphylaxis Changes in nasal mucosa may impair absorption”; and that “[b]Given the severity of the indication and the availability of approved safe and effective products, we must have confidence that the efficacy and safety of adrenaline administered through this novel route of administration has been demonstrated. Residual uncertainties should be minimized.”

As a result of this news, ARS’ stock price fell $0.86 per share, or 14.31%, to close at $5.15 per share on May 9, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Pomerantz was founded by the late Abraham L. Pomerantz, Dean of the Class Bar Association, and pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz is…


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