A class action securities lawsuit has been filed against Moonlake Immunotherapeutics on behalf of investors who suffered losses between March 10, 2024, and September 29, 2025. The complaint alleges that the company made false statements or concealed information regarding its sole drug candidate, SLK. Specifically, it is claimed that SLK and BIMZELX share the same molecular targets, that SLK's nanobody structure would not provide a superior clinical benefit over BIMZELX, and that expected increased tissue penetration would not result in greater clinical efficacy. The lawsuit asserts that the company lacked a reasonable basis for claiming SLK's superiority to monoclonal antibodies.
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