Actinium Pharmaceuticals Faces Investigation Over Stock Drop
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Overview of Recent Developments at Actinium Pharmaceuticals
Actinium Pharmaceuticals, Inc. (NYSE: ATNM), is currently facing an investigation over claims related to potential securities fraud. This inquiry is being led by Pomerantz LLP, a law firm renowned for its work in corporate and securities class litigation.
Investigation Details
Investors who are concerned about their investments in Actinium are encouraged to reach out to the legal team at Pomerantz. Danielle Peyton is the primary contact for those seeking further information regarding any potential claims. The investigation primarily focuses on whether Actinium, along with some of its executives and directors, may have engaged in unethical business practices or fraud.
Regulatory Update and Stock Impact
On a significant note, on a recent date, Actinium published a vital press release announcing an update on its Biologics License Application (BLA) for Iomab-B, a treatment aimed at patients with active relapsed or refractory acute myeloid leukemia. The announcement revealed that the U.S. Food and Drug Administration deemed the Phase 3 SIERRA trial inadequate for supporting the BLA filing. This revelation resulted in a dramatic plummet of Actinium's stock price, which fell by a staggering $3.69, accounting for a decrease of approximately 59.81%, bringing the share price down to $2.48.
Pomerantz LLP: A Legacy in Class Action Law
Pomerantz LLP, established over 85 years ago by Abraham L. Pomerantz, remains a leader in the sphere of corporate law and investor protection. The firm has dedicated its efforts towards addressing corporate misconduct, securities fraud, and breaches of fiduciary duty over the decades. With a presence in major cities such as New York, London, and Tel Aviv, Pomerantz continues to advocate fiercely for the rights of investors.
Contact Information for Concerned Investors
For those who wish to seek justice or learn more about the proceedings regarding their claims, they can get in touch with Danielle Peyton at Pomerantz LLP via email or by phone to discuss their options.
Frequently Asked Questions
What is the investigation concerning Actinium Pharmaceuticals?
The investigation looks into whether Actinium Pharmaceuticals and certain officers have potentially been involved in securities fraud or other unlawful business practices.
How did Actinium's stock price react to the recent announcement?
The stock price experienced a significant drop of 59.81%, falling $3.69 per share after the FDA's announcement.
Who should I contact if I have concerns about my investment?
Investors can reach out to Danielle Peyton at Pomerantz LLP for assistance with their concerns regarding their investments in Actinium Pharmaceuticals.
What is the significance of the Biologics License Application for Iomab-B?
The BLA filing is crucial for the commercial approval of Iomab-B, a treatment for acute myeloid leukemia, which could greatly impact patient care and the company's future viability.
What has been Pomerantz LLP's track record?
Pomerantz LLP has a notable history of recovering billions in damages on behalf of class members throughout its extensive practice in securities and corporate class actions.
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