If you bought shares of this company during the class period and later saw losses, there’s now a $7.75 million settlement available. This post breaks everything down so you can quickly see whether you qualify, how much you might receive, and how to file before the deadline.
Investors alleged the company and certain executives made false or misleading statements about a drug candidate, regulatory submissions, and manufacturing issues. According to the complaint, these statements inflated the stock price—causing losses when the truth surfaced.
The company denies all wrongdoing but agreed to settle to avoid further litigation.
Who Qualifies?
You’re part of the settlement if you:
Purchased or otherwise acquired common stock between May 10, 2021 – April 22, 2022, and
Suffered financial losses related to the alleged securities violations.
Both individuals and entities can file claims. Financial institutions or nominees must notify their beneficial owners.
How Much You Can Receive?
Payments come from a $7.75M settlement fund, minus fees and costs.
Your payout depends on:
How many valid claims are submitted
How many shares you bought or sold
Your recognized loss, based on formulas in the court-approved Plan of Allocation
Estimated average recovery per share:
~$0.46 per share before fees
~$0.30 per share after deductions
Claims under $10 will not be paid.
Proof is required. You must submit trade documentation (broker statements, confirmations, etc.).
Your Options (At a Glance)
| Option | What It Means | Deadline |
|---|---|---|
| Submit a Claim Form | The only way to receive a payment. | Feb. 3, 2026 |
| Request Exclusion | Keep your right to sue separately; receive no payout. | Jan. 13, 2026 |
| Object | Tell the Court you disagree with the settlement terms. | Jan. 13, 2026 |
| Do Nothing | Receive no payment and lose rights. | No deadline |
How to File?
You can submit your claim online or by mail.
You must include:
Last four digits of SSN or full TIN
Details of each purchase, acquisition, and sale
Documentation proving all transactions (confirmation slips, statements, or similar broker records)
