The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Poseida Therapeutics, Inc. (“Poseida” or “the Company”) (NASDAQ: PSTX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Poseida completed its initial public offering (“IPO”) on July 10, 2020, issuing 14 million shares of common stock at $16.00 per share. The Company then disclosed on August 18, 2020, that the FDA had placed a clinical hold on its Phase 1 clinical trial of the autologous CAR-T therapy P-PSMA-101 in patients with metastatic castration-resistant prostate cancer. The hold is reportedly to investigate a patient’s death that occurred in July. Based on this news, shares of Poseida fell by more than 30% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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