NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased the securities of Replimune Group, Inc. (NASDAQ: REPL) (“Replimune” or the “Company”)
PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION
Class Action Details:
- Case Filed: A class action lawsuit has been filed against Replimune Group, Inc. (NASDAQ: REPL) alleging possible securities fraud or other unlawful business practices by the company and certain officers/directors.
- Jurisdiction: United States District Court for the District of Massachusetts
- Class Period: November 22, 2024 – July 21, 2025
- Lead Plaintiff Deadline: Investors who bought Replimune shares during the relevant period have until September 22, 2025 to ask the Court to appoint them as Lead Plaintiff.
- Trigger Event: On July 22, 2025, the FDA issued a Complete Response Letter (CRL) rejecting Replimune’s Biologics License Application (BLA) for RP1 (vusolimogene oderparepvec) combined with nivolumab to treat advanced melanoma.
- The FDA found that the IGNYTE trial did not provide adequate or well-controlled clinical evidence of effectiveness.
- The trial’s results were deemed uninterpretable due to patient heterogeneity, and the confirmatory study design needs revisions.
- No safety concerns were raised.
- Market Reaction: Following this news, Replimune’s stock plummeted by 77.24%, dropping $9.52 to close at $2.81 per share on the same day.
Why Wolf Haldenstein Adler Freeman & Herz LLP?:
This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.
We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.
Contact:
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
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