HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Y-mAbs
SAN FRANCISCO, March 11, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Y-mAbs Therapeutics, Inc. (NASDAQ: YMAB) investors who suffered significant losses to submit your losses now.
Class Period: Oct. 6, 2020 – Oct. 28, 2022
Lead Plaintiff Deadline: Mar. 20, 2023
Visit: www.hbsslaw.com/investor-fraud/YMAB
Contact An Attorney Now: YMAB@hbsslaw.com
844-916-0895
Y-mAbs Therapeutics, Inc. (NASDAQ: YMAB) Securities Fraud Class Action:
The litigation focuses on Y-mAbs’ past assurances that its Biologics License Application (“BLA”) for I-omburtamab for the treatment of central nervous system/leptomeningeal metastases in pediatric patients with neuroblastoma was “on track.”
The complaint alleges that Defendants assured investors that, pursuant to a series of meetings and other communications between Y-mAbs and the FDA, progress was being made toward meeting the FDA’s requirement that the company demonstrate substantial evidence of effectiveness for FDA approval of omburtamab. The complaint further alleges that Defendants did not disclose that: (1) the FDA repeatedly advised the company that effectiveness of omburtamab could not be objectively established based on a comparison of its study to an external cohort comprised of data from the Central German Childhood Cancer Registry (“CGCCR”); and (2) the company’s Study 101 was neither sufficiently advanced nor indicative of efficacy to justify FDA approval.
Investors learned the truth on Oct. 26, 2022, when the FDA Oncologic Drugs Advisory Committee (“ODAC”) published its briefing document which identified FDA scientists’ concerns about the totality of evidence submitted by Y-mAbs in support of its BLA. Among other things, the briefing document revealed that the FDA informed Y-mAbs on multiple occasions that the CGCCR data external control may not be fit-for-purpose as a direct comparator for overall survival data.
Then, on Oct. 28, 2022, Y-mAbs announced that ODAC unanimously voted that the company did not provide sufficient evidence to conclude that omburtamab improves overall survival.
These events sent the price of Y-mAbs shares crashing lower.
“We’re focused on investors’ losses and proving Y-mAbs lied about data submitted in support of its BLA, its communications with the FDA, and the commercial prospects for I-omburtamab,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in Y-mAbs and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Y-mAbs should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email YMAB@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895

TIN LIÊN QUAN
Y-mAbs Therapeutics, Inc. (YMAB) Class Action Notice:
SAN DIEGO, March 08, 2023 (GLOBE NEWSWIRE) -- The Class: Robbins LLP reminds investors that a shareholder filed a class action on behalf of all...
PHI SECURITIES FRAUD: Hagens Berman, National Trial
SAN FRANCISCO, March 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges PLDT Inc. (NYSE: PHI) investors who suffered significant losses to submit your...
CRBU Class Action Lawsuit Announced: Johnson Fistel
SAN DIEGO, Feb. 11, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on...
ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Atlassian
NEW YORK, March 02, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Atlassian...
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Kornit Digital
NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Kornit...
Bragar Eagel & Squire, P.C. Reminds Investors That Class
NEW YORK, Feb. 19, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that...
SUNL FINAL DEADLINE TODAY: ROSEN, TRUSTED INVESTOR COUNSEL,
NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sunlight...
EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages
NEW YORK, March 11, 2023 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential...
THỦ THUẬT HAY
Trải nghiệm tính năng Picture-in-Picture với phiên bản Chrome dành cho PC
Để trải nghiệm tính năng này trên trình duyệt Google Chrome dành cho máy tính, bạn tải về và cài đặt trước phiên bản Chrome Canary kèm tiện ích mở rộng Picture-in-Picture do lập trình viên Kasik96 phát triển.
3 cách đơn giản nhất để chụp ảnh màn hình trên Galaxy Note 9
Chụp màn hình để lưu trữ thông tin là một trong những thao tác chúng ta hay dùng khi sử dụng. Với Galaxy Note 9 có khá nhiều cách để thực hiện chức năng này.
Học cách kiếm tiền bằng Google Rewards trên Android
Google Rewards là ứng dụng miễn phí trên Play Store. Sau khi tải và mở ứng dụng lần đầu tiên, Google sẽ yêu cầu bạn trả lời vài câu hỏi về bản thân. Chúng rất dễ trả lời. Mục đích của chúng nhằm giúp công cụ tìm kiếm
ĐÁNH GIÁ NHANH
Mở hộp và đánh giá nhanh HTC U11+: smartphone màn hình tràn viền đầu tiên của HTC
HTC U11+ là chiếc smartphone có màn hình tràn viền đầu tiên của HTC, nó đã đáp ứng được những kỳ vọng của người dùng khi là sự nâng cấp hoàn hảo của HTC U11.
Đánh giá nhanh khả năng chơi game của Huawei Y9 với Liên quân và PUBG
Chắc chắn Liên quân sẽ luôn luôn chơi mượt mà với các dòng máy tầm trung. Huawei Y9 có khả năng gánh được rất tốt tựa game này. Trong quá trình chơi, mình cũng không thấy có hiện tượng giật, lag hay sụt giảm khung