Blog
How it works
Services
Sign In
Homepage
Blog
How it works
Services
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
APLS.US
id: 433, Created by Stan Vick Chase, Scout

Apellis Pharmaceuticals Inc

On November 3, 2022, Apellis Pharmaceuticals (APLS) disclosed an unexpected delay in the request for approval of its eye-disease treatment.

Apellis decided to include two-year data from studies called Derby and Oaks in its request for approval of its drug, pegcetacoplan. It will likely delay the FDA's review by three months. The Regulator was previously scheduled to make a decision on the Apellis drug in November 2022. Going back, Apellis said it wouldn't need the 24-mondecide approval.

On this news, APLS stocks declined 16% and the Company lost over $1 billion of its capitalization.

Taking the Company's previous representations and the unexpected decision into account, Investors have reasons to suspect that the Company's Leaders acted not in the best interest of Apellis' shareholders and misled them in material matters.



Alleged Offence
Misleading Statements
Failure to Disclose
Price manipulation
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 November 2022
Collecting participants…
Created by Stan Vick Chase, Scout

Apellis Pharmaceuticals Inc

Apellis Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic compounds through the inhibition of the comp...

    Ticker
    APLS.US
    ISIN
    US03753U1060
    CIK
    1492242
    Sector
    Healthcare
    Industry
    Biotechnology
    Country
    USA
    Address
    100 Fifth Avenue, Waltham, MA, United States, 02451