Unicycive Therapeutics Inc. is facing a securities class action lawsuit filed in the United States District Court for the Northern District of California. The lawsuit alleges that the company and certain officers violated federal securities laws through public statements related to its new drug application for oxylanthanum carbonate phosphate binder, intended for treating hyperphosphatemia in chronic kidney disease patients on dialysis. Unicycive Therapeutics has stated that it considers the claims to be without merit and plans to vigorously defend against the allegations.
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