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AARD Investor Notice: Hagens Berman Alerts Investors in Aardvark Therapeutics (NASDAQ: AARD) to Filing of Securities Fraud Class Action

$AARDPress releaseSep 16, 2026, 5:08 PM ETRead the release

Hagens Berman Sobol Shapiro LLP notified Aardvark Therapeutics (NASDAQ: AARD) investors of a pending securities fraud class action tied to offering documents from the February 13, 2025 IPO. The complaint alleges ARD-101 was significantly less safe than represented, citing undisclosed reversible cardiac observations such as QRS prolongation at above-target doses during trials. AARD shares fell over 56% after the February 27, 2026 voluntary pause of the Phase 3 HERO trial, and dropped another 32.1% after the FDA placed a full clinical hold on ARD-101's IND on May 14, 2026.

Key figures

Ipo date
February 13, 2025
Class period
February 13, 2025 to May 14, 2026
Stock drop hero pause
over 56%
Lead plaintiff deadline
October 13, 2026
Stock drop clinical hold
32.1%

AI analysis

Red flags4 · Pro

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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.