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Aardvark shares plunge 56% after halting Phase 3 trial due to safety concerns, triggering investor lawsuit.

Market News
28 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

Aardvark Therapeutics' stock dropped 56% after the company stopped its Phase 3 trial for ARD-101, a drug for Prader-Willi Syndrome, due to serious cardiac safety risks. This sudden halt and safety issues led to a shareholder rights firm launching an investigation into whether Aardvark misled investors about the drug's safety and FDA communications. The company no longer expects trial results in Q3 2026, and analysts have cut price targets sharply. Investors with losses are encouraged to seek legal help as the investigation continues.

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