SAN DIEGO–(BUSINESS WIRE)–$GNUS #ClassAction–Shareholder rights law firm Robbins LLP is investigating whether Poseida Therapeutics, Inc. (NASDAQ: PSTX) and its officers and directors violated securities laws and engaged in unlawful business practices in connection with its initial public offering (“IPO”). Poseida is a clinical-stage biopharmaceutical company that develops therapeutics for patients with high unmet medical needs.
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Poseida conducted its IPO on July 10, 2020, issuing 14 million shares for $16.00 per share. On August 18, 2020, Poseida announced that the U.S. Food and Drug Administration had placed a clinical hold on its Phase 1 clinical trial evaluating the autologous CAR-T therapy P-PSMA-101 in patients with metastatic castration-resistant prostate cancer due to a patient’s death. On this news, Poseida’s stock fell 30.31%, to close at $9.06 on August 18, 2020.
Poseida Therapeutics, Inc. (PSTX) Shareholders Have Legal Options
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