SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

June 24, 2015 12:51 ET

AERIE INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Aerie Pharmaceuticals, Inc. (AERI) To Contact The Firm Ahead Of Imminent Lead Plaintiff Deadline

NEW YORK, NY--(Marketwired - June 24, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Aerie Pharmaceuticals, Inc. ("Aerie" or the "Company") (NASDAQ: AERI) of the June 29, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit, filed in the United States District Court for the District of New Jersey, focuses on whether the Company and its executives violated federal securities laws by failing to disclose material adverse information about the future prospects for its once-daily eye drop medication Rhopressa, designed to lower intraocular pressure ("IOP") in patients with glaucoma or ocular hypertension.

On April 23, 2015, Aerie issued a press release announcing the results of its first Phase 3 registration trial for Rhopressa. According to the press release, "[t]he trial did not meet its primary efficacy endpoint of demonstrating non-inferiority of IOP lowering for once-daily Rhopressa compared to twice-daily timolol, the most widely used comparator in registration trials for glaucoma."

Following this unexpected news, shares of Aerie's stock fell $22.52 per share, or over 63%, to close on April 24, 2015 at $12.87 per share.

Request more information now by clicking here: www.faruqilaw.com/AERI. There is no cost or obligation to you.

Take Action

If you invested in Aerie stock or options between August 6, 2014 and April 23, 2015 and would like to discuss your legal rights, visit www.faruqilaw.com/AERI. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Aerie's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
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    Telephone: (877) 247-4292 or (212) 983-9330