NEW YORK, Sept. 27, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Adaptimmune Therapeutics plc (“Adaptimmune” or the “Company”) (NASDAQ: ADAP). Those investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.
The investigation concerns whether Adaptimmune and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
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On September 9, 2022, Adaptimmune issued a press release announcing new data from its Phase 1 SURPASS study of the cancer drug ADP-A2M4CD8 in patients with solid tumors. Among other findings, the press release revealed that “[a]many adverse events (AEs) of particular interest: 32 people (73%) had cytokine release syndrome (CRS); most events were low grade and resolved (~86% ? Grade 2). Eleven subjects (25%) had cytopenia (Grade ? 3) 4 weeks after treatment. Three individuals (7%) had ADP-A2M4CD8-related immune effector cell-associated neurotoxicity syndrome (ICANS).” The press release further states: “[t]Here, 2 investigator-related deaths have been reported. A 60-year-old woman with ovarian cancer and a large tumor burden in the lungs died of pneumonia and CRS” and “a 71-year-old man with a history of esophageal adenocarcinoma and chronic anemia died of bone marrow failure.”
As a result of this news, Adaptimmune’s stock price fell $0.12 per share, or 5.88%, to close at $1.92 per share on September 9, 2022.
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