Instil Bio, Inc.
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The investigation focuses on whether the Company misled investors regarding a clinical trial of ITIL-168. Instil Bio disclosed on October 31, 2022, that it had informed the FDA that it had voluntarily paused enrollment in a clinical trial due to problems in manufacturing one of its therapies. The manufacturing trouble resulted in an inability to properly dose patients in a clinical trial of ITIL-168 for advanced melanoma. Based on this news, shares of Instil Bio fell by more than 33% in intraday trading.