NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors in securities of Y-mAbs Therapeutics, Inc. (“Y-mAbs” or the “Company”) (NASDAQ: YMAB).

If you have purchased Y-mAbs securities and would like to discuss our investigation, please contact us via email [email protected] or by calling (212) 687-1980.

On October 31, 2022, Marketwatch published an article stating, “Y-mAbs Therapeutics Inc. YMAB, +0.90% fell 42.5% Monday in premarket trading after several banks downgraded the company’s shares and a Food and Drug Administration advisory committee voted against approving the company’s experimental treatment for neuroblastoma patients.”

The article goes on to say that the “committee voted 16-0 on Friday that there was insufficient evidence to say that omburtamab improves overall survival. JP Morgan downgraded the stock to underweight from neutral, with analysts saying, “We don’t think the latest news bodes well for investor confidence or for attribution of further pipeline value to trailing indicators, most of which are in their early stages of development.” .” Wedbush also downgraded the stock to neutral from outperform. Y-mAbs stock is down 44.9% this year, while the broader S&P 500 SPX, +2.46% is down 18.5%.”

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