NEW YORK--(BUSINESS WIRE)--Jul 31, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Menlo Therapeutics Inc. (NASDAQ: MNLO) resulting from allegations that Menlo may have issued materially misleading business information to the investing public.

On April 9, 2018, Menlo disclosed that its Phase 2 clinical trial of serlopitant for the treatment of pruritus in adults and adolescents with a history of atopic dermatitis did not meet its primary or key secondary efficacy endpoints. There was no statistically significant difference demonstrated between patients treated with serlopitant and patients treated with the placebo. On this news, Menlo’s stock fell $27.05 per share or over 76% to close at $8.17 on April 9, 2018.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Menlo investors. If you purchased shares of Menlo please visit the firm’s website at http://www.rosenlegal.com/cases-1387.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005710/en/

CONTACT: The Rosen Law Firm, P.A.

Laurence Rosen, Esq.

Phillip Kim, Esq.

Zachary Halper, Esq.

275 Madison Avenue, 34thFloor

New York, NY 10016

Tel: 212-686-1060

Toll Free: 866-767-3653

Fax: 212-202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

zhalper@rosenlegal.com

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Rosen Law Firm

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PUB: 07/31/2018 11:28 AM/DISC: 07/31/2018 11:28 AM

http://www.businesswire.com/news/home/20180731005710/en