Apr. 12 at 4:53 AM
$ALDX
FYI - Legal Update:
Currently 10 law firms that have transitioned & filed formal court briefs for class actions re ALDX, competing for lead counsel TBD after May 29th:
Rosen, Schall, Gross, Bronstein Gewirtz & Grossman (BG&G), DJS, Block & Leviton, Faruqi & Faruqi, Wolf Haldenstein, Robbins Geller, & Pomerantz.
Per Chat GPT-5 for ESTIMATES ONLY:
Total institutional investors who lost money on March 17, 2026: ≈ 80–130 institutions
Total institutional dollar loss (mark‑to‑market or realized that day): ≈
$90–120 million
Estimated legal defense costs for ALDX against a single, consolidated class action through resolution (dismissal, settlement, or pre‑trial) =
$8–12 million.
$70MM -
$15M(Milestone-Hercules) -
$10M(Legal) =
$45M
Single Phase 3 DED trial w/ N=500 patients(minimum) typically cost ~
$35M You do the math...