LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Humanigen, Inc. (“Humanigen” or “the Company”) (NASDAQ: HGEN) 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. Humanigen disclosed on July 13, 2022, that its lenzilumab drug failed to demonstrate statistical significance on its primary endpoint in a clinical trial involving hospitalized COVID-19 patients. Based on this news, shares of Humanigen dropped by almost 80% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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