PepGen Investors Advised on Class Action Lawsuit Opportunities
PepGen Investors Advised on Class Action Lawsuit Opportunities
Faruqi & Faruqi, LLP's Securities Litigation Partner James (Josh) Wilson encourages investors who faced losses in PepGen to reach out directly and discuss their options.
If you purchased or acquired securities in PepGen and would like to understand your legal rights, please contact Faruqi & Faruqi Partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Faruqi & Faruqi, LLP, a notable national securities law firm, is looking into potential claims against PepGen Inc. (NASDAQ: PEPG) and reminds investors of the August 11, 2025 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit that has been initiated against the company.
Understanding the Background of the Lawsuit
The lawsuit revolves around allegations that PepGen and its executives violated federal securities laws by making misleading statements and failing to disclose critical information regarding their product, PGN-EDO51. Key allegations include that PGN-EDO51 was not as effective and safe as represented, and that significant deficiencies existed in the CONNECT2 study, which was a critical component of the approval process by the U.S. Food and Drug Administration (FDA).
Initial press releases from PepGen indicated promising results from studies of PGN-EDO51; however, subsequent analysis from industry experts revealed that these results fell short of expectations. This disparity in communicated effectiveness led to a significant drop in PepGen's stock price, indicating a loss in investor confidence and financial value.
Recent Developments Affecting PepGen
In a recent announcement regarding the CONNECT1 study, PepGen reported achieving certain clinical data points. However, analysts expressed disappointment, noting that the results did not align with their expectations, further contributing to a decline in stock prices. Following these reports, PepGen faced further challenges, including a clinical hold notice from the FDA regarding the CONNECT2 study, which underscored existing safety concerns associated with the trials.
At each turning point in public statements, the company’s stock faced downward pressure, suggesting that the market reacted negatively to the unfolding events and disclosures. As detailed in the lawsuit, these disclosures raised questions about the company's ability to effectively carry out its trials and the safety of its products.
Your Role as an Investor
Any member of the investor class may move the court to serve as lead plaintiff, or they can choose to remain an absent class member. The critical factor to understand is that your decision to participate or not will not affect your right to share in any potential recovery.
Faruqi & Faruqi, LLP also encourages individuals with information regarding PepGen's conduct, including whistleblowers and former employees, to reach out to discuss the matter further.
How to Get Involved
For those interested in learning more about the PepGen class action, additional information can be found on their dedicated section on the firm’s website or by calling their office. The firm is more than willing to provide clarity on what steps you can take as an investor moving forward.
Follow Up on Developments
Faruqi & Faruqi will continue to update stakeholders about the ongoing developments in this case. Keeping abreast of new information is important for all investors involved.
Frequently Asked Questions
What is the class action lawsuit about?
The class action lawsuit focuses on allegations against PepGen for misleading investors about the effectiveness and safety of its product, PGN-EDO51.
What is the deadline for becoming a lead plaintiff?
The deadline to seek the role of lead plaintiff is August 11, 2025.
What can I do if I invested in PepGen?
If you invested in PepGen during the relevant period, you should contact Faruqi & Faruqi to understand your legal rights and options.
How can I stay updated on the case?
Stakeholders can stay informed by following updates from the law firm overseeing the case and keeping an eye on relevant news outlets for developments.
Who can serve as lead plaintiff?
The investor with the largest financial interest in the lawsuit who is deemed adequate and typical of the class members may serve as lead plaintiff.
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