NEW
YORK, Feb. 3, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Y-mAbs Therapeutics, Inc.
(NASDAQ: YMAB).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/y-mabs-therapeutics-inc-loss-submission-form/?id=36174&from=4
This lawsuit is on behalf of persons or entities who purchased
shares of Y-mAbs Therapeutics, Inc. common stock on the open market
or pursuant to registration statements filed with the U.S.
Securities and Exchange Commission during the period October 6, 2020 through October 28, 2022, inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 20, 2023 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, Y-mAbs Therapeutics, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Y-mAbs misrepresented the U.S. Food and
Drug Administration's ("FDA") willingness to approve omburtamab,
the Company's lead product candidate, for marketing based on the
existing clinical trials; (ii) the Company misrepresented that
progress was being made that would align with the FDA's
requirements to demonstrate substantial evidence of effectiveness,
sufficient for approval of omburtamab, through adequate and
well-controlled studies; (iii) the FDA had repeatedly advised
Y-mAbs that it was unlikely to grant approval for the marketing of
omburtamab; and (iv) Y-mAbs had elected to submit the March 31, 2022 Biologics License Application
prior to reaching agreement with the FDA on the content of the
application.
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