The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ovid Therapeutics Inc. (“Ovid” or “the Company”) (NASDAQ: OVID) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ovid announced via a press release issued on March 30, 2021, that Takeda Pharmaceutical Company Limited ("Takeda") had secured global rights to develop and commercialize its drug candidate soticlestat (TAK-935/OV935). The Company then announced on June 17, 2024, that "Takeda's Skyline study in Dravet syndrome narrowly missed its primary endpoint of reduction in convulsive seizure frequency" and that "Takeda's Skyway study in Lennox-Gastaut syndrome missed its primary endpoint of reduction in major motor drop seizures."

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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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