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flag MoonLake Immunotherapeutics faces investigation after its drug trial failed, causing an 89% stock drop.

flag MoonLake Immunotherapeutics (NASDAQ: MLTX) is under investigation by multiple law firms, including DJS Law Group, Schall Law Firm, and The Rosen Law Firm, over potential securities law violations. flag The probe follows the company’s September 29, 2025, disclosure that its VELA-2 clinical trial failed to meet its primary endpoint due to unexpected events in the placebo group, causing the stock to drop 89% to 90%. flag Investigators are examining whether MoonLake made misleading or incomplete statements about the trial’s prospects prior to the announcement, potentially misleading investors. flag Affected shareholders may be eligible to join a class action lawsuit seeking compensation, with no upfront costs.

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