Capricor Therapeutics Investigated for Securities Fraud Claims
Pomerantz Law Firm's Investigation into Capricor Therapeutics
Pomerantz LLP is currently conducting inquiries regarding potential claims on behalf of investors in Capricor Therapeutics, Inc. (NASDAQ: CAPR). Investors who feel they may have been affected by the company's business practices are encouraged to reach out for further information.
Understanding the Legal Concerns
The investigation primarily focuses on whether Capricor's management and board of directors engaged in any unlawful business practices or securities fraud. Such issues can arise in cases where investors feel misled by the company's operations or communications.
Key Events Impacting Capricor's Stock Price
On a significant date not long ago, Capricor issued an announcement after a mid-cycle meeting with the U.S. Food and Drug Administration (FDA). This meeting was aimed at discussing the Biologics License Application (BLA) for deramiocel, an innovative cell therapy designed for patients with Duchenne muscular dystrophy (DMD) related cardiomyopathy.
Reaction to FDA Communication
After the announcement from the FDA confirming the intent to hold an advisory committee meeting, Capricor’s stock saw a substantial drop. The company’s stock plummeted by $3.00, equating to a 29.13% decline, closing at $7.30 per share the following day.
Further Developments and Stock Fluctuations
In another twist, a publication reported that the FDA had canceled the planned advisory committee meeting. This decision stemmed from ongoing uncertainties regarding the drug’s safety and efficacy. Following this news, Capricor's stock faced another decline; it dropped by $3.68, amounting to 30.82% and eventually closing at $8.26 per share.
The Role of Pomerantz LLP in Investor Protection
Pomerantz LLP is recognized as a leading firm in securities class action litigation. With a history of over 85 years, the firm's commitment remains in advocating for victims of securities fraud and corporate misconduct. Their experience could potentially lead to significant recoveries for affected investors.
Contact Information for Investors
Investors interested in learning more about the ongoing investigation or those who might have experienced losses due to Capricor’s actions can contact Danielle Peyton at Pomerantz LLP. She is available via email at dpeyton@pomlaw.com or by phone at 646-581-9980, ext. 7980.
Future Implications for Investors
The progress and outcomes of this investigation could significantly influence the future prospects of Capricor Therapeutics and its investors. As events unfold, stakeholders are advised to remain vigilant and informed about potential impacts on their investments.
Frequently Asked Questions
What triggered the Pomerantz Law Firm’s investigation?
The investigation was prompted by concerns regarding possible securities fraud and other unlawful practices by Capricor Therapeutics' management and board.
What happened to Capricor's stock prices recently?
Recently, Capricor's stock prices fell significantly after announcements related to the FDA's oversight of their drug application and plans.
How can investors participate in the investigation?
Investors who believe they may have been affected are encouraged to contact Pomerantz LLP for details on potential participation in the investigation.
What is Capricor Therapeutics working on?
Capricor is focusing on developing deramiocel, a cell therapy addressing Duchenne muscular dystrophy (DMD) and related conditions.
Can Pomerantz LLP ensure recovery for investors?
While Pomerantz LLP has a strong track record in securities litigation, they cannot guarantee specific outcomes or recoveries; each case depends on its unique circumstances.
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