NEW
YORK, Oct. 14, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Centessa Pharmaceuticals plc
(NASDAQ: CNTA).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/centessa-pharmaceuticals-loss-submission-form/?id=32618&from=4
This lawsuit is on behalf of a class consisting of persons and
entities that purchased or otherwise acquired: (a) Centessa
American Depositary Shares pursuant and/or traceable to documents
issued in connection with the Company's initial public offering
conducted on or about May 28, 2021;
and/or (b) Centessa securities between May
28, 2021 and June 1, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 28, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Centessa Pharmaceuticals plc
issued materially false and/or misleading statements and/or failed
to disclose that: (i) the Company's product, lixivaptan, was less
safe than defendants had represented; (ii) defendants overstated
lixivaptan's clinical and commercial prospects; (iii) another
Centessa product, ZF874, was less safe than defendants had
represented; (iv) defendants overstated ZF874's clinical and
commercial prospects while downplaying the drug's safety issues;
and (v) as a result, documents issued in connection with Centessa's
initial public offering and the Company's public statements
throughout the class period were materially false and/or misleading
and failed to state information required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law