Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Brainstorm Cell Therapeutics Inc. - BCLI


NEW YORK, Nov. 19, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Brainstorm Cell Therapeutics Inc. ("Brainstorm" or the "Company") (NASDAQ: BCLI).   Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Brainstorm and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On September 27, 2023, the Company announced in a press release the results of the United States Food and Drug Administration's ("FDA") review of its Biologics License Application ("BLA") for the Company's proprietary cell therapy platform NurOwn for the treatment of amyotrophic lateral sclerosis.  The release revealed that members of the Cellular, Tissue, and Gene Therapies Advisory Committee voted 17 to 1 that there was not substantial evidence to show NurOwn's effectiveness.  Specifically, the FDA's briefing document stated that the BLA was scientifically incomplete to demonstrate substantial evidence of effectiveness, and that the manufacturing information was grossly deficient to ensure adequate product quality.  

On this news, Brainstorm's stock price fell $0.19 per share, or 48.72%, to close at $0.20 per share on September 28, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP


These press releases may also interest you

at 17:00
zkLink, the leading zero-knowledge(ZK) Layer 3 infrastructure provider, today announced the launch of zkLink Nova, the industry's first aggregated Layer 3 zkEVM rollup network, based on zkSync's ZK Stack and zkLink Nexus. zkLink Nova unifies...

at 15:07
The secondary market for luxury watches is worth $25 billion. Analysts say it will outstrip the primary market by 2032. However, the WatchCharts Overall Index is down almost 40% since its March 2022 peak.While losses may have slowed in recent months,...

at 15:00
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of InMode Ltd. between June 4, 2021 and October 12, 2023, both dates inclusive (the "Class Period"), of the important April 15, 2024 lead plaintiff deadline....

at 13:49
We, Prime Minister of Canada Justin Trudeau and President of the Council of Ministers of Italy Giorgia Meloni, met today in Toronto, Ontario, to reaffirm the profound friendship and the shared values that bind Canada and Italy and to discuss our...

at 12:01
Sure, Phil Zamloot's team can make you a great trade show booth at a really good price. But that's not what makes him and his company, Metro Exhibits, so successful....

at 12:00
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Inari Medical, Inc. resulting from allegations that Inari Medical may have issued materially misleading...



News published on and distributed by: