SAN DIEGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Brainstorm Cell Therapeutics Inc. (NASDAQ:BCLI) securities between August 15, 2022 and September 27, 2023. Brainstorm Cell is a biotechnology company that develops and commercializes autologous cellular therapies for the treatment of neurodegenerative diseases.
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What is this Case About: Brainstorm Cell Therapeutics Inc. (BCLI) Misled Investors About the Viability and Efficacy of its drug NurOwn
According to the complaint, on August 15, 2022, the Company issued a press release announcing its submission of a Biologics License Application ("BLA") to the U.S. Food and Drug Administration ("FDA") for NurOwn for the treatment of amyotrophic lateral sclerosis ("ALS"). On November 10, 2022 the Company announced it had received a refusal to ...