GlobeNewswire Inc | Jan 20, 2021 09:17AM EST

January 20, 2021

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Minerva Neurosciences, Inc. (NASDAQ: NERV) between May 15, 2017 and November 30, 2020, inclusive (the Class Period).

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=minerva-neurosciences-inc&id=2513 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or emailinfo@zhanginvestorlaw.comfor information on the class action.

http://zhanginvestorlaw.com/join-action-form/?slug=minerva-neurosciences-inc&id=2513

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: the truth about the feedback received from the FDA concerning the end-of-Phase 2 meeting; the Phase 2b study did not use the commercial formulation of roluperidone and was conducted solely outside of the United States; the failure of the Phase 3 study to meet its primary and key secondary endpoints rendered that study incapable of supporting substantial evidence of effectiveness; the Companys plan to use the combination of the Phase 2b and Phase 3 studies would be highly unlikely to support the submission of an NDA; reliance on these two trials in the submission of an NDA would lead to substantial review issues because the trials were inadequate and not well-controlled; and as a result, the Companys public statements were materially false and misleading at all relevant times.

If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2021.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.99 Wall Street, Suite 232New York, New York 10005info@zhanginvestorlaw.comtel: (800) 991-3756