(NewMediaWire) - November 23, 2024 - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Humacyte, Inc. (“Humacyte” or the “Company”) (NASDAQ: HUMA) on behalf of purchasers of Humacyte securities between May 10, 2024 and October 17, 2024 (the “Class Period”).If you are an investor in Humacyte and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571.
According to the complaint, on August 9, 2024, after the market closed, Humacyte issued a press release announcing that the U.S. Food and Drug Administration (FDA) “will require additional time to complete its review of its Biologic License Application (BLA) for the acellular tissue engineered vessel (ATEV) in the vascular trauma indication.” The press release also states “[d]uring the course of the BLA review, the FDA has conducted inspections of our manufacturing facilities and clinical sites and has actively engaged with us in multiple discussions regarding our BLA filing.”
On this news, the Company’s stock price declined $1.29 per share, or 16.4%, to close at $6.62 per share on August 12, 2024, on unusually heavy volume.
The complaint further alleges that on October 17, 2024, during market hours, the FDA released a Form 483 concerning Humacyte’s Durham, North Carolina facility, which revealed a number of violations, including “‘no microbial quality assurance,’” “‘no microbial testing,’” and “inadequate ‘quality oversight.’”
On this news, the price of the Company’s stock price declined $0.95 per share, or 16.35%, to close at $4.86 per share on October 17, 2024, on unusually heavy volume.
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CONTACT:
Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(212) 329-8571
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
