Investigation into Actinium Pharmaceuticals Inc. Raises Concerns

Author: Caleb Price Updated: 09-17-2024 08:54 PM

Actinium Pharmaceuticals, Inc. Under Investigation

Pomerantz LLP is currently investigating claims on behalf of investors of Actinium Pharmaceuticals, Inc. (NYSE: ATNM). The focus of this investigation is to determine if Actinium and certain of its officers or directors participated in any unlawful business practices including possible securities fraud.

Investors Encouraged to Come Forward

Actinium shareholders who believe they have been affected are strongly encouraged to contact representatives from Pomerantz LLP. They are committed to ensuring that investors receive the necessary guidance and support during this investigation.

Recent Regulatory Challenges

Regulatory Update on Biologics License Application

On a notable occasion, Actinium issued a regulatory update concerning its Biologics License Application (BLA) for Iomab-B, aimed at treating patients with active relapsed or refractory acute myeloid leukemia (r/r AML). The update indicated that the U.S. Food and Drug Administration (FDA) deemed the Phase 3 SIERRA trial inadequate for supporting the BLA filing, despite the trial's statistically significant primary endpoint.

Impact on Stock Prices

This regulatory announcement had a significant impact on the company's stock price, leading to a dramatic decline of $3.69, representing a 59.81% drop in value. Following this news, the stock closed at $2.48.

About Pomerantz LLP

Pomerantz LLP is recognized as a leading law firm specializing in corporate, securities, and antitrust class litigation. Established over 85 years ago by the late Abraham L. Pomerantz, the firm has built an impressive reputation for advocating the rights of securities fraud victims and other corporate misconduct. Their dedication to recovering damages for class members is notable, having achieved billions of dollars in settlements.

Frequently Asked Questions

What is the focus of the investigation by Pomerantz LLP?

Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Actinium Pharmaceuticals and its management.

How has the recent regulatory update affected Actinium's stock?

The regulatory update resulted in a significant drop in Actinium's stock price, with a decline of 59.81% following the news.

Who should investors contact regarding the investigation?

Investors are encouraged to contact Pomerantz LLP to discuss their concerns and exposure related to the investigation.

What does an inadequate FDA trial result mean for Actinium?

An inadequacy in trial results from the FDA can hinder a company's ability to file for important drug approvals, impacting their growth and market stability.

What has been Pomerantz LLP's track record?

Pomerantz LLP is recognized for recovering significant damages for victims of corporate misconduct, establishing a legacy in securities litigation with billions in awarded settlements.

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