Savara Faces Class Action Lawsuit Alleging Securities Fraud
Reuters
Nov 07
Savara Faces Class Action Lawsuit Alleging Securities Fraud
A class action lawsuit has been filed against Savara Inc., alleging securities fraud on behalf of investors who suffered losses between March 4, 2024 and May 23, 2025. The complaint claims that Savara made false statements and concealed key information related to its drug candidate MOLBREEVI, which is intended for the treatment of pulmonary alveolar proteinosis. Specifically, the lawsuit alleges that the company failed to disclose that its Biologics License Application for MOLBREEVI lacked sufficient information regarding the drug's chemistry, manufacturing, and controls, making FDA approval unlikely in its current form. As a result, the company was unlikely to meet its projected timeline for regulatory submission and faced an increased risk of needing to raise additional capital, allegedly rendering its public statements misleading during the relevant period.
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