APPLIED THERAPEUTICS DEADLINE FOR LEADERSHIP is February 18, 2025 in a Securities Fraud Lawsuit - Contact Kaplan Fox & Kilsheimer LLP
December 24, 2024 at 12:00 PM EST
<div><p align="justify">NEW YORK - (<a href="https://www.newmediawire.com">NewMediaWire</a>) - December 24, 2024 - <a href="https://www.kaplanfox.com/?utm_source=NMW&utm_medium=Press+Release&utm_campaign=Applied+Therapeutics&utm_id=Applied+Therapeutics&utm_term=APLT+NMW">Kaplan Fox & Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Applied Therapeutics, Inc. (“Applied Therapeutics” or the “Company”) (NASDAQ: APLT) on behalf of investors that purchased or otherwise acquired Applied Therapeutics securities between January 3, 2024 and December 2, 2024 (the “Class Period”).</p>
<p align="center"><a href="https://www.kaplanfox.com/case/applied-therapeutics-inc/?utm_source=NMW&utm_medium=Press+Release&utm_campaign=Applied+Therapeutics&utm_id=Applied+Therapeutics&utm_term=APLT+NMW">CLICK HERE TO JOIN THE CASE</a></p>
<figure align="left" style="width: 240px; max-width: 100%; margin-bottom: 20px; float: left; margin-right: 20px;"><img src="http://newmediawire.s3.amazonaws.com/6769c72dda846f3dd21a4a79_1" alt="" width="240" style="width: 240px; max-width: 100%; height: auto;" /></figure>
<p align="justify"><b>If you are an investor in Applied Therapeutics and have suffered losses, you may </b><a href="https://www.kaplanfox.com/case/applied-therapeutics-inc/?utm_source=NMW&utm_medium=Press+Release&utm_campaign=Applied+Therapeutics&utm_id=Applied+Therapeutics&utm_term=APLT+NMW"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:jcampisi@kaplanfox.com"><b>jcampisi@kaplanfox.com</b></a><b> or by calling (212) 329-8571.</b></p>
<p align="justify"><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <b><u>no later than February 18, 2025</u></b> to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p>
<p align="justify">According to the complaint, on November 27, 2024, the Company disclosed that the U.S. Food and Drug Administration (“FDA”) issued a Complete Response Letter (“CRL”) for its new drug application for govorestat, AT-007-1002, for treatment of classic galactosemia (the “NDA”). The Company’s press release states that the “CRL indicate[d] that the FDA completed its review of the application and determined that it is unable to approve the NDA in its current form, citing deficiencies in the clinical application.”</p>
<p align="justify">Following this news, on November 29, 2024, Applied Therapeutics stock fell $6.54 per share, over 76%, to close at $2.03 per share on heavy trading volume.</p>
<p align="justify">Then, on December 2, 2024 after the markets closed, the Company disclosed in a Form 8-K filing that following issuance of the CRL, the Company received a “warning letter” limited to the AT-007-1002 study and that the “warning letter” identified issues relating to “electronic data capture” and a “dosing error in the dose-escalation phase of the study resulting in slightly lower levels than targeted in a limited number of patients, which was remedied prior to achieving maintenance dosing.” According to the complaint, Applied Therapeutics’ stock price declined from a closing market price of $1.75 per share on December 2, 2024 to close at $1.29 per share on December 5, 2024.</p>
<p align="justify"><b>WHY CONTACT KAPLAN FOX - </b>Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at <a href="http://www.kaplanfox.com">www.kaplanfox.com</a>.</p>
<p align="justify">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>
<p align="justify">If you have any questions about this Notice, your rights, or your interests, please contact:</p>
<p><b>CONTACT:</b><br />Jeffrey P. Campisi<br /><a href="http://www.kaplanfox.com/">KAPLAN FOX & KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(212) 329-8571<br /><a href="mailto:jcampisi@kaplanfox.com">jcampisi@kaplanfox.com</a></p>
<p>Laurence D. King<br /><a href="http://www.kaplanfox.com/">KAPLAN FOX & KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1560<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p><p class="nmw_link">View the original release on <a href="https://www.newmediawire.com/nmw_release/?rid=6769c72dda846f3dd21a4a79/applied-therapeutics-deadline-for-leadership-is-february-18-2025-in-a-securities-fraud-lawsuit-contact-kaplan-fox-kilsheimer-llp">www.newmediawire.com</a></p></div>
