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Home » SHAREHOLDER ALERT: Pomerantz Regulation Agency Investigates Claims On Behalf of Traders of PolarityTE, Inc.

SHAREHOLDER ALERT: Pomerantz Regulation Agency Investigates Claims On Behalf of Traders of PolarityTE, Inc.

NEW YORK, NY / ACCESSWIRE / August 29, 2021 / Pomerantz LLP is investigating claims on behalf of traders of PolarityTE, Inc. (“PolarityTE” or the “Firm”) (NASDAQ:PTE). Such traders are suggested to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation issues whether or not PolarityTE and sure of its officers and/or administrators have engaged in securities fraud or different illegal enterprise practices.

[Click here for information about joining the class action]

On August 24, 2021, PolarityTE issued a press launch “provid[ing] an replace relating to correspondence from the U.S. Meals and Drug Administration (FDA) associated to its Investigational New Drug Utility (IND) for SkinTE® with a proposed indication for persistent cutaneous ulcers, which was filed on July 23, 2021. The FDA offered suggestions that sure Chemistry, Manufacturing, and Management (CMC) objects should be addressed previous to continuing with a pivotal research. Because of this, the research proposed within the IND has been positioned on scientific maintain. In accordance with commonplace observe and laws, the FDA has suggested that it’ll challenge a scientific maintain letter offering particulars on the idea for the maintain to the Firm by September 21, 2021.”

On this information, PolarityTE’s inventory worth fell $0.075 per share, or 8.97%, to shut at $0.76 cents on August 24, 2021.

The Pomerantz Agency, with places of work in New York, Chicago, Los Angeles, and Paris is acknowledged as one of many premier corporations within the areas of company, securities, and antitrust class litigation. Based by the late Abraham L. Pomerantz, often known as the dean of the category motion bar, the Pomerantz Agency pioneered the sphere of securities class actions. Right this moment, greater than 80 years later, the Pomerantz Agency continues within the custom he established, combating for the rights of the victims of securities fraud, breaches of fiduciary responsibility, and company misconduct. The Agency has recovered quite a few multimillion-dollar damages awards on behalf of sophistication members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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https://www.accesswire.com/661871/SHAREHOLDER-ALERT-Pomerantz-Regulation-Agency-Investigates-Claims-On-Behalf-of-Traders-of-PolarityTE-Inc–PTE