Important Notice for PepGen Inc. Shareholders
The Gross Law Firm has recently issued a significant announcement for shareholders of PepGen Inc. (NASDAQ: PEPG). If you purchased shares during the specified class period from March 7, 2024, to March 3, 2025, it is crucial for you to be aware of your rights and the upcoming deadline to join the class action.
Details of the Class Action
The class action lawsuit revolves around allegations that PepGen Inc. and its executives made materially false and/or misleading statements regarding their lead product candidate, PGN-EDO51. Investors are urged to take the allegations seriously, as they suggest that the safety and effectiveness of PGN-EDO51 were overstated. Moreover, the complaint highlights that the phase two CONNECT2 study may have been deemed unsafe, potentially jeopardizing its approval by the U.S. Food and Drug Administration (FDA).
Here are the key allegations outlined in the complaint:
1.
Misleading Safety Claims: It is alleged that the defendants did not adequately disclose the potential risks denoted during the phase two CONNECT2 study, misleading investors regarding the product's viability.
2.
Misrepresentation of Clinical Opportunities: There are claims that PepGen overstated the clinical and regulatory prospects of PGN-EDO51, which led to an inflated stock valuation.
3.
Consequences of Misleading Statements: As a result of the above allegations, there is concern that PepGen may be forced to halt the CONNECT2 study, significantly affecting the company’s future.
Key Dates
To participate in the class action and potentially be appointed as a lead plaintiff, shareholders need to act promptly. The deadline for registration is
August 8, 2025. If you are a shareholder who acquired shares of PepGen during the specified timeframe, it’s essential to register to ensure that your rights are protected.
You can secure your position in this class action by registering at the provided link:
PepGen Loss Submission Form.
What to Expect
After registration, shareholders will gain access to portfolio monitoring software that keeps them informed and updated on the progress of the case. Notably, there is no financial obligation for registering as a participant in this legal process. The Gross Law Firm is committed to supporting investors and seeking recovery for those who suffered losses due to deceptive practices by companies.
Why Choose The Gross Law Firm?
The Gross Law Firm boasts a national reputation as a leader in securities class action lawsuits. Their mission focuses on shielding investor rights and advocating against corporate misconduct. They emphasize the importance of corporate responsibility and transparency in business practices, seeking restitution for those adversely affected by misleading statements.
For more inquiries, shareholders can reach out directly to The Gross Law Firm at:
- - Phone: (646) 453-8903
- - Address: 15 West 38th Street, 12th floor, New York, NY, 10018.
To participate in this crucial movement against corporate deceit, do not delay and make sure to register before the August 8, 2025 deadline. Stay informed and safeguard your investment today.