Allogene Therapeutics, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The investigation concerns whether Allogene and certain of its directors and/or officers have engaged in securities fraud or other unlawful business practices. Post-market, Allogene issued a press release on October 7, 2021 reporting that the U.S. Food and Drug Administration (“FDA”) had placed a hold on Allogene’s clinical trials of allogeneic CAR T (AlloCAR T™) therapies for cancer. It was stated in this press release that the clinical hold “follows the Company’s notification to the FDA of a chromosomal abnormality in an ALPHA2 study patient which was detected in a bone marrow biopsy undertaken to assess pancytopenia (low blood counts)” and that “[a] n investigation is underway to further characterize the observed abnormality, including any clinical relevance, evidence of clonal expansion, or potential relationship to gene editing. On October 8, 2021 Allogene’s stock price dropped sharply on this news during intraday trading, damaging investors.