Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
ELAN.US
id: 1367

Elanco Animal Health (ELAN) Product Approval Issues Case

D. Maryland
Court
1:24-CV-02912
Case number
11/07/2023
Class period Start
06/26/2024
Class period End
12/06/2024
Lead Plaintiff motion deadline
  • $ELAN stockholders filed a claim against Elanco Animal Health for hiding delays in product approvals and safety risks tied to its key products.
  • After the news on June 27, 2024, $ELAN dropped by over 20%.
  • Elanco Investors can join this case to be notified about potential recovery.
Case Details:

Throughout late 2023 and early 2024, Elanco repeatedly assured investors that its products, Zenrelia and Credelio Quattro, would be approved in early 2024.

However, on June 27, 2024, Elanco revealed that Zenrelia’s U.S. approval would be delayed, with the FDA requiring a boxed warning about safety risks based on a study involving unvaccinated dogs.

The approval of Credelio Quattro was also pushed back to late 2024 due to regulatory setbacks.

After this news, $ELAN fell by over 20%.

Based on these events, $ELAN investors filed a claim against Elanco, accusing the company of the following:
  • It failed to disclose safety risks associated with Zenrelia and misled investors about the expected U.S. approval timelines of Zenrelia and Credelio Quattro.
  • Elanco also overstated financial prospects tied to these product launches.
Considering all the representations, investors suspect Elanco misled them about the risks and delays in its products approval process.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements
Financial Misrepresentation
Fraud
Negligence
Breach of Fiduciary duty
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
06/24/2024
Filing date
10/07/2024
Lead Plaintiff Deadline
12/06/2024
Judge
Brendan Abell Hurson
Collecting participants…

Elanco Animal Health

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals. It offers pet health disease prevention products, suc...

    Ticker
    ELAN.US
    ISIN
    US28414H1032
    CIK
    1739104
    Sector
    Healthcare
    Industry
    Drug Manufacturers - Specialty & Generic
    Country
    USA
    Address
    2500 Innovation Way, Greenfield, IN, United States, 46140